Spain’s economy minister has said his government is set to simply the Spanish
tax system and reduce top and bottom taxes.
Solbes told Spanish daily La Vanguardia that the government wanted
to unify capital gains tax and reduce corporation tax from 35% to 30%.
Solbes said the government wanted to restructure the tax system without
‘Our aim is to maintain fiscal pressure. That means we intend to cover the
reforms with an increase in revenues from economic growth,’ Solbes was quoted as
The tax cuts go before Spain’s Parliament later this month and are expected
to be implemented next year.
Spain’s move comes as number of other European countries look into ways to
simplify their tax systems. German chancellor Angela Merkel has flirted with the
idea of flat tax, while the UK’s Conservative Party has set up a commission to
research the flat tax concept.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...