fiscal policy

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Spain’s Tax Agency to ‘urgently’ check on ten former tax havens

MADRID | As published on Monday by Negocio, Spanish tax inspectors believe the Tax Agency should take some urgent actions to close leaks of fiscal revenue. Bearing in mind the budgetary restrictions that the State is about to suffer, and that any legal change against fiscal fraud would require too long a process, one of their intended measures would be giving a new twist to the message that vice-president Soraya Sáenz de Santamaría…


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A US super-committee for a US super-comedy

WASHINGTON | No more than a 1% of U.S. citizens accumulate 20% of the income and 35.6% of the wealth (in assets, labor income and capital), which constitutes the largest concentration of wealth on the richest hands since the existence of statistics in this country. But at the same time, they contribute a 38% of federal tax income. In addition, there are 43 states that have their own income tax. In…