A BRIEF SUMMARY OF THE NEW TAX AND FINANCIAL MEASURES ADOPTED BY THE SPANISH GOVERNMENT
On December 30th 2011 the newly elected Spanish government approved Royal Decree 20/2011 enacting a first package of urgent tax and economic measures to correct the Spanish public deficit.
Among these measures, international private clients should be aware of the following tax resolutions: Read the rest of this entry »
The following articles appeared in Tax Insider:
Sleeping with the Enemy – Asking HM Revenue and Customs for Advice on Tax
By James Bailey | April 2010
James Bailey points out that free advice is not always the best advice. Read the rest of this entry »
The USA Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.
The rise of Spanish Income Tax to 50% for higher tax payers, coupled with a 27% for interest, dividends and gains above 24k Euros, the increase of Council Tax and the resurrection of Wealth Tax is making Spain inhabitable.
Instead of reducing superfluous expenditure in the five layers of administration, i.e European, national, regional, provincial and local, the Conservative party is now threatening executives, entrepreneurs and investors with this so called ‘solidarity’ fiscal policy.
The measures aimed to collect circa 6,000 millions Euros barely equals the 6,000 millions Euros ‘given’ yearly to the Catholic Church and fall short of the circa 20,000 millions ‘donated’ to the banking system.
Meanwhile, almost 5 million former workers are at home. In this first day of 2012 I wish we are able to reclaim our fiscal common sense.
As reported by Conflicts of Law, the article critically analyses the current approach of the European Court of Justice (ECJ) alongside the proposed alternatives to a unified European conflict of laws rule dealing with the problem of cross-border infringements of personality rights. Having exposed the weakness of these approaches they set out one suggested path for reform.
Although this is not a tax topic, it will influence the way we think and will probably make life less taxing. The authors of Tribal Leadership declare work-life balance as a nonsense concept. According to them if you let it, it will damage your career, hurt your family, make your life mediocre and make you feel guilty all the time.
The article published recently in Money Watch is included below.
In 2000, my Tribal Leadership co-author John King and I devoted a chapter in The Coaching Revolution to why work-life balance was an idea whose time had passed. More than a decade later, with global social and economic problems on the rise, it’s time to leave the “work-life balance” concept on the scrap heap of history and move on to a better model. For those who have been living in a cave for the last 20 years, work-life balance is the idea that work and life are two different spheres, both wanting more time than you have to give.
As reported in Conflict of Laws the interception of email communications by any Government may be deemed illegal in the US.
On July 22, 2011, the U.S. Bankruptcy Court for the Southern District of New York held in In re Dr. Jürgen Toft, Debtor in a Foreign Proceeding that a German Mail Interception Order issued in the context of German insolvency proceedings violates U.S. public policy and would thus be denied recognition. Read the rest of this entry »
As reported by professor Nicolas Zambrana a new draft bill has been submitted to the Ecuadorian Parliament explicitly stating that “no legal validity will be given in Ecuador to financial arrangements made to acquire the property of houses (viviendas) in Spain and the judicial acts which may have been derived from such arrangements because the latter have been made under conditions of illegality and fraud”.
Another paragraph of this draft bill introduces criminal sanctions for those responsible of entities which try to seize property for this reason in Ecuador (http://www.librered.net/?p=13006). Read the rest of this entry »
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