As reported by Investors Offshore, the already fractious relations between Spain and Gibraltar are expected to deteriorate if the People’s Party is elected, as anticipated, in forthcoming Spanish elections, which have been brought forward to November as a result of the country’s debt crisis. (more…)
Posts Tagged ‘Gibraltar’
Spanish Crisis Spells Uncertain Future for Gibraltar
Thursday, September 1st, 2011Gibraltar & Spain, what’s going on?
Saturday, April 17th, 2010We are surprised, happily surprised, to see Spain signing another TIEA. This one with Bahamas signed on March 11, 2010, follows the Netherlands Antilles, Aruba, Trinidad y Tobago agreements. Please see our Taxprecision post for more information.
When coming to Gibraltar, the question brings some political issues to the table which must be put aside as a matter of urgency.
The Spanish Tax legislation clearly discriminate Gibraltar by discouraging the furtherance of trade, commerce and business with this territory of the UK and part of the EU.
There are powerful economic reasons to end this situation. Gibraltar accounts for 3% of the exports in Andalucia, compared with a 4% with Morocco, or another 4% with Mexico or US. Gibraltar is, therefore, a strategic partner of Andalucia.
I can understand that a generation of Spaniards may still have some issues coming to terms with reality. I would like to invite my fellow Spaniards to rethink their position by reviewing our 2008 posting to get to know Gibraltar and more about its OECD compliance.
There are compelling reasons for the Spanish government to speed up the signature of this TIEA and remove Gibraltar from the list of Tax Havens as per Spanish RD1080/91.
Gibraltar update on Tax Information Exchange Agreements TIEAs
Saturday, April 17th, 2010The list below contains the Tax Information Exchange Agreements (TIEAs) signed by Gibraltar.
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Belgium-Gibraltar (16 December 2009)
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Iceland – Gibraltar (16 December 2009)
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Sweden – Gibraltar (16 December 2009)
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Faroes Islands – Gibraltar (20 October 2009)
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Finland – Gibraltar (20 October 2009)
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Greenland – Gibraltar (20 October 2009)
- Portugal – Gibraltar (14 October 2009)
- France – Gibraltar (22 September 2009)
- Austria – Gibraltar (17 September 2009)
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Denmark – Gibraltar (2 September 2009)
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United Kingdom – Gibraltar (27 August 2009)
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Australia – Gibraltar (25 August 2009)
- New Zealand – Gibraltar (13 August 2009)
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Germany – Gibraltar (13 August 2009)
- Ireland – Gibraltar (24 June 2009)
- USA – Gibraltar (31 March 2009)
Gibraltar and Spain.- First serious dialogue 300 years later!
Wednesday, July 22nd, 2009Yesterday we attended the first official visit of a Spanish Government representative to the Rock in the last 300 years. We welcome the common position reached, which will improve the exchange of information protocols and a possible treaty on taxation.
Leaving aside the issue of Sovereignty, the agreements reflect the XXI Century Diplomacy efforts based on dialogue. The meeting is in accordance with International Law protocols, the EU position and the OECD directives. Please find attached the communique following the meeting here.