CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Gibraltar, Spain Tax Agreement Progressing

Gibraltar, Spain Tax Agreement Progressing

by Jason Gorringe, Tax-News.com, London

13 April 2011


Gibraltar Chief Minister, Peter Caruana has announced that negotiations towards a bilateral tax information exchange with Spain are ‘very advanced’.

Speaking on the TV3 television network broadcast in Spain, Caruana said that talks on the issue of sharing tax information between the Rock and Spain were progressing well, despite years of fractious relations. The initiation of talks were as a result of Gibraltar’s commitment to adopt greater tax transparency, through the signing of Tax Information Exchange Agreements, of which the territory has signed 20.

On boosting cooperation, particularly in the area of tax, Caruana said on TV3: "[The Tax Information Exchange Agreement] is one of the packages we are negotiating currently; the talks are going well; and the texts are very advanced.”

Caruana underscored that Gibraltar had remodelled itself since 2010 to a transparent financial centre with an attractive 10% corporate tax rate, and dismissed accusations that Gibraltar was home to illegitimate funds, held in the territory for the purposes of tax evasion.

A comprehensive report in our Intelligence Report series using the experiences of a fictional company, Peyton Media Group, and its 'dotcom' spin-off, PayTechPublishing ('PayTech'), the Lowtax Gibraltar Report sets out to analyse the suitability of Gibraltar as an e-commerce location. The Report will be useful to every company considering the switch to e-commerce, and uncertain whether or not to 'go offshore'. The Report is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report12.asp
TAGS: individuals | tax | investment | business | offshore confidentiality | tax information exchange agreement (TIEA) | Gibraltar | law | banking | international financial centres (IFC) | United Kingdom | offshore | agreements | offshore banking | banking secrecy | Spain

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »