Jesús Quintas, Senior Counselor at EQUIPO ECONOMICO, analyzes the current concern of various global authorities because of the erosion of taxable bases and aggressive tax planning

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Source: Cinco Días

Thursday 20th of October 2016

Reduction of the public deficit, both in Spain and in other countries is geared towards increased tax collection and coincides with various opinion campaigns on low corporate taxation, both from global institutions and political parties. In particular, there has been a quick and generalized consensus on the limitation of certain expenses, especially financial expenses, such that more tax can be collected, but without amending or even reducing tax rates which tends to go more unnoticed.