The collective project "Challenges of Spanish Taxation: Controversial Issues in Tax Matters," edited by Thomson Reuters-Aranzadi is presented today at the Royal Academy of Jurisprudence and Legislation.
The search for solutions to the aggressive practices in terms of taxation applied by technological multinationals in recent years is a priority for both the EU and the OECD countries. The possibilities go from the creation of new taxes, like the "Google rate", to the widening of the EP concept. However, there is currently no coordinated response on an international level. A clear positioning of the Tax Administrations will be necessary, which will favor a fair distribution of taxation, but also the greater legal certainty for the development of the activities of the digital economy.
The Committee of Experts for the revision of the Regional Financing Model released a report in July 26th inspired in the principles of solidarity, sufficiency, equity, transparency, tax co-responsibility and guaranteed access of the citizens to public services based on the effective costs of such services. The correct assessment of the weight the expert's opinion is to consider the composition of the Commission.
Although hotel industry has been encouraged by excellent tourism data, is it really benefiting to its full potential? There is a negative trend in hotel supply in relation to the number of visitors. The irruption of alternative business models that offers tourist accommodation, such as technological platforms of collaborative economy between private individuals together with the new patterns of consumption of tourists, have led to the emergence of a new and important competitor.
Within a more encouraging international scenario, the Spanish economic growth has outperformed the most optimistic forecasts throughout 2017. In Equipo Económico we estimate that the Spanish economy will continue growing vigorously, at a 3.3% GDP. The momentum created during this year will sustain the growth rate throughout 2018, maintaining it near a 3% GDP. We therefore estimate a growth of 2.8% GDP for the coming year.