New legislation to prevent money laundering activities and the financial support of terrorism is in its way to the Spanish Parliament. The draft published by the Dirección General del Tesoro y Política Financiera in April involves an expanded definition of Tax evasion, which may affect accepted international standards.
Posts Tagged ‘tax evasion’
Money Laundering and tax evasion.- Two different Offences?
Sunday, June 21st, 2009Luxembourg and exchange of bank information
Monday, June 8th, 2009Last week I heard that the Spanish Tax authorities are not accepting life insurance wrappers registered in Luxembourg until there is an adequate exchange of bank information protocol for tax purposes between the two countries.