spain fiscal revenues

fiscal havens

Tax Havens To Have Reduced Fiscal Revenues In Spain By €45 Bn In The Last Decade

The experts of Spain’s Ministry of Finance (Gestha) indicate that tax havens cause a “hole” in the public coffers of 14% of the annual income that is obtained by the corporate income tax, so they estimate that during the last decade 45,000 million euros have been lost in Spain. In view of these figures, the economists see as “disappointing” the update that the EU has just made of its ‘black list’, since the countries that allow elusive practices of many multinationals have been excluded.