News

The German upper house of parliament has declined a deal on German tax evaders holding assets in Swiss banks. German parliamentarians are considering that the current terms and conditions of the deal are not strict enough to penalise the German tax evaders whose estimated hidden assets are about €200bn. Under…


Facebook's accounts were scrutinized along with their tax planning scheme when the use of an offshore company in Cayman Islands was identified. Facebook has used the so-called "Double Irish" scheme. The tax scheme was built around royalty payments from a UK company to an Irish company which in turn paid…


Spain raises environmental taxes to meet EU fiscal requirements

As per the new fiscal regulations set out by the EU, Spain has released plans to implement new environmental taxes in an attempt to meets its budgetary obligations. This will form a crucial part of the governments’ revised 2017 Spanish Budget.