King Felipe VI of Spain has removed the title of “Duchess of Palma de Mallorca” from his sister, Princess Cristina, who faces criminal charges of tax evasion. It’s the second big shakeup in the Spanish Royal monarchy in the past two years. On June 19, 2014, King Juan Carlos I abdicated in favor of his…
Lionel Messi is having one roller coaster of a month. On Saturday, the FC Barcelona (“Barca”) soccer star helped boost his team to a 3-1 win over Juventus in the UEFA Champions League final, marking the fifth time that Barca has taken home the league trophy. While Messi didn’t score in that game, he clearly played a…
Less than a month after Lionel Messi earned the 2014 World Cup Golden Ball (for those of you who don’t follow soccer, it’s the award for the tournament’s top player), the Argentine superstar is making news again… This time, however, Messi would probably want a pass on the attention. A Spanish court has decided to…
Spain is generating so much solar power, according to its government, that production capacity exceeds demand by more than 60%. To solve the problem, Spain’s government has a new idea: tax the solar panels.
Spain is making tax news again but not for the right reasons: the Spanish tax authorities now say they made a huge mistake in a high profile tax case. Authorities now claim they have found errors in reports that initially indicated that Princess Cristina, the youngest daughter of King Juan Carlos and Queen Sofia of…
If Citigroup Chief Economist Willem Buiter (and former Financial Times blogger) looks like he’s suffering through a nervous breakdown, you can blame the U.S. Tax Code. Buiter dropped the news that he nearly had a nervous breakdown simply getting his information together in order to do his taxes on a recent appearance on Bloomberg Radio….
In recent years, the Irish have touted their low tax rates and other breaks as a lure for artists, musicians and corporations and have enjoyed a measure of success in attracting some pretty big players. Companies like Apple, Microsoft, Pfizer, Dell and Wyeth have flocked to the Emerald Isle to avoid paying higher tax rates…
The crackdown on tax evaders who depend on Liechtenstein in order to shield income has escalated. Nine countries from the Organization for Economic and Co-operation Development (OECD), Britain, France, Italy, Spain, Canada, Sweden, the United States, Australia and New Zealand, have reportedly received and are examining information on Liechtenstein accounts from two banks. The Bundesnachrichtendienst…