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Tag: fiscal

The European Commission proposes to keep the Stability Pact frozen until 2023

The European Commission proposes to keep the Stability Pact frozen until 2023

The European Commission has proposed today to maintain the escape clauses of the Stability Pact until 2023. In this way, the rules on deficit and debt would remain frozen until the Community economy recovers. the levels it had in December 2019. The final decision rests with the capitals, but the Eurogroup is expected to make […]

The judge prosecutes Rodrigo Rato for alleged corruption, money laundering and tax avoidance

The judge prosecutes Rodrigo Rato for alleged corruption, money laundering and tax avoidance

The magistrate has issued the order for transformation, which opens the deadline for the State Prosecutor’s Office and the Attorney General’s Office to present the indictment in which they specify what convictions are requested for Rato   The Madrid judge investigating Rodrigo Rato has closed the investigation phase and considers that the former vice president […]

The European Union no longer considers Morocco to be a tax haven

The European Union no longer considers Morocco to be a tax haven

Morocco has been removed from the list of non-cooperative countries and territories for tax purposes of the European Union, which has been updated and now includes the Commonwealth of Dominica. The African country appeared in an annex (the ‘gray’ list) along with other “pernicious tax regimes” waiting for modify or rectify this situation. Namibia and […]

The crisis leaves a fiscal ‘gap’ of 1.8 billion in Hydrocarbons in the middle of the debate on fuel taxes

The crisis leaves a fiscal ‘gap’ of 1.8 billion in Hydrocarbons in the middle of the debate on fuel taxes

The slump in economic activity in 2020 led to an unprecedented drop in tax revenue due to the Hydrocarbon Taxes. Confinement, the rise of teleworking and restrictions on movements during vacations and long weekends significantly reduced the use of private vehicles, consequently, fuel consumption. Also of the airplanes, weighed down by a collapse of the […]