Present and future of corporate profit taxation

On July 10, 2019, the presentation of the study promoted by the Fundación Impuestos y Competitividad related to Corporate Income Tax took place at the headquarters of the Center for Political and Constitutional Studies, under the title of Corporate Profit Taxation: Recent Developments, Future Prospects. The event was chaired by Ms. Ana Sánchez Lamelas, Deputy Director of the Centre, Mr. Maximino Linares Gil, Chairman of the Foundation's Board of Trustees, and Mr. Jesús Gascón Catalán, Director of the Spanish Tax Administration (AEAT). Mr. Gascón opened the act by reflecting on the current i...
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Taxation of business profits: recent trends, future prospects

Following eight years of research, the Board of Trustees of Fundación Impuestos y Competitividad has resolved to promote a study focused on Corporate Income Tax, there being many reasons supporting this decision. The recent comprehensive regulation of this tax by means of Law 27/2014 could be seen as a sufficient motive, but the research is also encouraged by other factors. As an example, the habitual controversies surrounding trends in tax revenue since the crisis that began in 2007-2008 and the consideration of whether or not it is sufficient for the primary tax on business activities;...
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New BEPS Monitoring Group document, OBSERVATIONS ON THE “DAC 6” TRANSPOSITION PROCESS

This week, the third week of March, the Tax and Competitiveness Foundation has posted on its website the third “BEPS Monitoring Group” document. “ACTION 12: MONITORING OF THE TRANSPOSITION INTO SPANISH LAW OF “DAC 6” This monitoring group, created to continue the work carried out on the BEPS Action Plan (and the book published on this subject), made a commitment to monitor the latest developments resulting from the Action Plan, particularly potential impacts on legal certainty affecting tax operators. Such circumstances clearly concur in Directive 2018/822 of the Council of 25 May 201...
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Debate on the environmental taxation reform

Monday, October 29, 2018. This Monday, October 29th, Foment del Treball and the Tax and Competitiveness Foundation organised a debate on the reform of environmental taxation. The participants were Valentí Pich, Chair of Foment del Treball’s Economy and Taxation Committee, Josep Bagué, Chair of the Catalan Employers’ Association's Environment Committee, and Maximino Linares Gil, Vice-Chair of the Board of Trustees of the Tax and Competitiveness Foundation, which presented the Foundation's report entitled “Environmental taxation: reflections for a future reform”, a project undertaken by the Foun...
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Supreme Court jurisprudence on tax avoidance

On Tuesday 16 October 2018, in the Main Hall of the Royal Academy of Jurisprudence and Legislation, the public presentation took place of the book “Tax avoidance and anti-abuse clauses in Supreme Court jurisprudence”, authored by the professor of Financial and Tax Law of Seville University, Mr, Florián García Berro. The act was chaired by Mr. Luis Mª Cazorla Prieto, a member of the Royal Academy of Jurisprudence and Legislation, and Mr. Jesús López Tello, president of the Taxes and Competitivity Foundation. During the first part of the presentation the author explained the main lines...
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Tax avoidance in Supreme Court jurisprudence

When presenting this work we should remember that, as defined in its by-laws, the Tax and Competitivity Foundation is committed to research on taxation with the ultimate aim of improving the Spanish tax system and the processes or procedures for the application of taxes. It is clearly assumed that the Spanish tax system is not only identified with the set of rules that make up the tax system, but also includes the practice of applying the different taxes that make up the system, an area in which the Courts play a fundamental role. In addition, the programme statement made by the Foundation ...
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The position of the Fundación Impuestos y Competitividad (Taxes and Competitivity Foundation) with regard to environmental taxation reform

On Monday, 9 July 2018 at the headquarters of the CEOE, the latest work of the Tax and Competitiveness Foundation published by the Foundation under the title "Environmental Taxation: reflections for a future reform” was presented. The Foundation’s latest project deals with new aspects of indirect taxation by means of this study of the field of environmental taxation, an issue that has been receiving particular attention from experts and the general public. In view of the undoubted interest that environmental protection awakens and the repeated requests from national and international author...
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Environmental taxation: reflections on a future tax reform

The interest that the environment and environmental protection measures are currently generating from the scientific, social and political angles is clear; focusing on the non-fiscal aim of environmental taxes, they should be looked upon as a tool designed to reduce or eradicate polluting behaviour. The key international institutions – the IMF, the OECD and the EU – take the view that the extent to which these taxes have been developed is insufficient, since the revenues they generate fall well short of the average levels of our neighbouring countries; indirect taxes of an environmental nat...
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