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| Lowtax Network Sites |
| Lowtax Network Portal:
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| Offshore Trusts
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| TreatyPro: Online
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| Gibraltar, Spain Tax Agreement Progressing |
by Jason Gorringe, Tax-News.com, London
Wednesday, April 13, 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
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