Recent Articles

Strategies for a SMART 2009

Fernando Del Canto
January 06, 2009 10:30

Happy New Year 2009 and May this year be a SMART year. In Taxprecision.com we look forward to continue our learning and be able to contribute to greater clarity in these interesting times. How the World and the Economy will evolve in 2009 is difficult to assess even for the best Economists. In The...

The 'Official' Wealth Tax abolition. Ley 4/2008 de 23 de Diciembre

Fernando Del Canto
December 27, 2008 21:41

As expected, the Spanish Parliament has now passed "officially" the legislation abolishing the Wealth Tax. Last Thursday, on Christmas day, the Spanish Government Official Gazette (BOE) published the Ley 4/2008, passed by the Spanish Parliament the 23rd December. The way in which the...

Gibraltar Tax Regimen.- New Favourable EC Court Rule

Fernando Del Canto
December 19, 2008 05:40

We welcome the EC Court of Justice ruling against the European Commission argumenting that Gibraltar's corporate tax reform constitutes illegal state aid. The Judgement  from the Eight Chamber of the Court of First Instance says: "It follows from all of the foregoing that the...

Liechtenstein and US tax cooperation. Is Spain following the OECD trend?

Fernando Del Canto
December 13, 2008 16:16

The US and Liechtenstein signed an agreement for the exchange of information on tax matters. According the International Tax Review  "The US government is leading the way on expanding information exchange," said Jesse Eggert, attorney adviser at the US Department of Treasury....

First Electronic Apostille (E-Apostille) in Europe

Fernando Del Canto
December 13, 2008 11:47

The web page of The Hague Conference on Private International Law reports the very good news.-  the issuing of the first Electronic Apostille in Europe!. For those of us working with international documentation and deeds, this comes as a breeze of fresh air, which we look forward to...

Spanish Wealth Tax Update

Fernando Del Canto
December 04, 2008 11:54

Today the Spanish Parliament Diary (BOCG) has published the Proyecto de Ley, to amend the Wealth Tax Legislation by "abolishing" in practice the Wealth Tax charge for residents and non residents.  The legislation has been approved by the Parliamentary Commission...

A Stitch in Time, Financial wisdom from around the world.

Fernando Del Canto
December 01, 2008 20:47

A Stitch in Time   A compendium of proverbs from around the world for these trying financial times.,  By Ben Schott, New York Times, December 1, 2008.

Pre-Budget Report 2008: Deloitte's position.

Fernando Del Canto
November 24, 2008 20:45

Tony Cohen, a former colleague and partner of Deloitte UK heading the entrepreneurial business team, says:  "We welcome the fact that the Chancellor has announced a number of relatively small measures which together will certainly help entrepreneurs and SMEs in the current economic...

2008 Pre Budget Report: Is it really aimed to fuel the UK Economy?

Fernando Del Canto
November 24, 2008 17:18

This year more than ever, perhaps inspired by the US Financial Summit, the people of the UK waited for the Pre-Budget 2008 with the hope to see some light at the end of the tunnel. After listening to Mr Darling today the words "been there, done that" inevitably come to mind. Of course we...

UK Inheritance Tax levels reviewed for statutory legacy

Fernando Del Canto
November 03, 2008 12:59

Married couples and civil partners whose spouse or civil partner dies without leaving a will are to benefit from an increase in the statutory legacy under proposals published by the government. The government has acted after concerns that the levels of the statutory legacy, currently set at...