The EU member states taking part in the proposed EU financial transactions tax will decide next month whether or not to proceed with the controversial tax, according to Austrian Finance Minister Hans Joerg Schelling.Read Full Story
The European Ombudsman has supported the European Commission's decision to close an infringement complaint against a court ruling concerning the Spanish value-added tax system. Read Full Story
Spain could make its tax system more efficient by scrapping income tax exemptions and by increasing value-added tax and environmental taxes, a new report from the OECD says. Read Full Story
The European Commission has called on Spain to lower the penalties it applies to taxpayers who fail to report assets held abroad.Read Full Story
New environmental taxes will form a key part of Spain's attempts to meets its budgetary commitments under European Union fiscal rules.Read Full Story
Spain has room to increase tax revenues without hampering economic growth prospects by targeting exemptions and inefficiencies in the tax system, the International Monetary Fund has said.Read Full Story
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