Knowledge Base

EU Member states lost €152 billion in Value Added Tax (VAT) revenues in 2015, according to a new study by the European Commission .

This is the main reason why the EC has published a...Read more >

The Spanish Tax Authorities ( binding tax ruling V4968-16 ) are considering the indirect ownership by a non-resident individual of the...Read more >

The European Court of Justice (ECJ) decided September 7 the case Eqiom , concluding that the French tax authorities cannot automatically refuse to exempt dividends distributed by a French resident company to its Luxembourg parent...Read more >

In the binding tax ruling V1361-16 the Spanish Tax Authorities analyse the situation of a non-resident entity which operates in...Read more >

The Country by Country (CbC) report to be electronically filed before the Spanish Tax Authorities by Spanish groups with a worldwide turnover higher than 750 million € was approved at the end of last year. The information requested by the...Read more >

The Spanish Supreme Court, in its judgment of June 20, 2016 (Dell Case) , stated that an Irish tax resident company operated in Spain through a permanent establishment (PE), developing its Spanish operations through its Spanish...Read more >

On 2 December 2016 the Spanish Government approved Royal Decree Law 3/2016 introducing important changes to Spanish Corporate Income Tax Law and other taxes.

A summary of the most relevant measures are the following:

Corporate Income Tax:

Prohibition to deduct losses...Read more >

Election Results and the Policy Agenda

On November 8th, Donald Trump was elected the 45th president of the United States. During the transition period until inauguration day on January 20, 2017, he is working to assemble a team of advisors and cabinet members. President-elect Trump...Read more >

With the election of Donald J. Trump as the 45th President of The United States of America on November 8th along with GOP control of both the House of Representatives and the Senate, our country is now in a position with an aligned party to eliminate gridlock (possibly?). While tax reform has...Read more >

Large multinational enterprises operating in the United States may soon face a significant addition to their transfer pricing compliance requirements. According to the U.S. Treasury Office of International Tax Counsel, the Internal Revenue Service (“IRS”) plans to implement the guidance provided...Read more >