Environmental taxation: reflections on a future tax reform

Posted on 9 July, 2018 by fundacion

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...

Essential reflections on the BEPS action plan

Posted on 19 July, 2017 by fundacion

Presentation at the Headquarters of the Instituto de Estudios Fiscales, 18 July 2017 CULMINATION OF THE PROJECT In mid 2016, the Board of Trustees of Fundación Impuestos y Competitividad decided that a detailed analysis of the measures proposed by the BEPS Action Plan was called for. From September 2016 through to May 2017, the Fundación posted on its web site the different papers produced as a result of such work, together with that relating to the European Union's anti-abuse Directives, aimed at the uniform implementation of the BEPS measures across the Member States. This process w...

Taxation of Patronage. The necessary strengthening of the non-profit sector.

Posted on 23 May, 201729 May, 2017 by fundacion

Fundación Impuestos y Competitividad considers this to be the appropriate time to reflect on the status of the special scheme for non-profit entities, including the provisions on sponsorship and patronage, despite the latest legislative reforms affecting the tax treatment of patronage. The increasing responsibility taken on by non-profits in finding solutions for the social, educational and cultural issues caused in Spain by the economic crisis, which are on the way to being resolved, combined with certain relevant restrictions or limits that remain, are sufficient arguments to take the view t...

Taxation of Patronage

Posted on 23 May, 201729 May, 2017 by fundacion

Despite the latest legislative reforms affecting the tax treatment of patronage, Fundación Impuestos y Competitividad considers this to be the appropriate time to reflect on the status of the special scheme for non-profit entities, including the provisions on sponsorship and patronage. The Foundation, after forming an “internal” work group, has invited a number of experts from varied backgrounds to take part in an open debate on matters pending in the scheme’s regulations and application, and its position from a comparative law perspective. The aim was to arrive at an informed, experienc...

HOUSING: TAXES AND OTHER FISCAL POLICIES. THE EUROPEAN EXPERIENCE

Posted on 30 March, 201717 April, 2017 by fundacion

There can be no denying the importance of the real estate sector for the Spanish economy. According to Sofía Borgia Sorrosal, the real estate sector in Spain has not just covered the need for housing – it has actually, for a great many years, been the driving force behind the economy. It is a sector which generates a lot of employment directly but which at the same time involves a great many related activities, and for this reason, the effects of both its growth and of any recession in it impact the economy as a whole. This view, which is broadly shared by analysts of the Spanish economy, a...

HOUSING: TAXES AND OTHER FISCAL POLICIES. THE EUROPEAN EXPERIENCE

Posted on 29 March, 20173 April, 2017 by fundacion

According to Sofía Borgia Sorrosal, the real estate sector in Spain has not just covered the need for housing – it has actually, for a great many years, been the driving force behind the economy. It is a sector which generates a lot of employment directly but which at the same time involves a great many related activities, and for this reason, the effects of both its growth and of any recession in it impact the economy as a whole. This view, which is broadly shared by analysists of the Spanish economy, and the conviction that the Tax System needs to be compatible with competitiveness on the...

FUNDACIÓN IC: BEPS PROJECT

Posted on 23 September, 2016 by fundacion

OVERVIEW The Fundación Impuestos y Competitividad is of the view that close monitoring is required of the measures proposed in the various documents published within the framework of the OECD's Action Plan on BEPS, aimed at combating so-called "Aggressive Tax Planning" (hereinafter ATP"). The Action Plan on BEPS, as we all know, is made up of 15 actions intended to address different aspects which the OECD considers important in combating Aggressive Tax Planning (ATP), which is understood to refer primarily to operations which, without being "illegal" as such, give rise to structures whic...

DECENTRALIZATION AND THE FISCAL SYSTEM: A COMPARATIVE STUDY OF EXPERIENCES

Posted on 13 September, 201613 September, 2016 by fundacion

The objective of the Taxes and Competition Foundation (Fundación Impuestos y Competitividad) is to study and investigate the tax system with a view to improving and perfecting it, with a particular emphasis on aspects which impact the competitiveness of the Spanish economy. It may appear that an analysis of fiscal decentralization which focuses in particular on the situation at regional or autonomous community level falls outside the scope of this objective, is related more to public financing issues. The fact is, however, that whatever the public finance formula established for the funding...

DECENTRALIZATION AND THE FISCAL SYSTEM: A COMPARATIVE STUDY OF EXPERIENCES

Posted on 30 August, 201613 September, 2016 by fundacion

PROPOSALS FOR THE FUTURE OF VAT IN SPAIN

Posted on 25 May, 2016 by fundacion

Spanish Value Added Tax’s 30-year anniversary is in 2016, having been first applied when Spain joined the then European Economic Community. This celebration is in itself an argument and an opportunity to review Value Added Tax, which has been the subject matter of only two laws in its 30-year life, the primitive Law 30/1985 and the current Law 37/1992, in force for over 23 years. A long time has passed, endorsing the suitability of the review process addressed here. We should recall the enthusiasm with which VAT was received, from a technical perspective, and confirm whether it currently...