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Spain Ministry of Finance Proposes Law to Prohibit Tax Amnesty Programs Following Decision that 2012 Program was Unconstitutional

|Proposed Changes|Spain
Spain

According to recent reports, the Spanish Ministry of Finance has proposed a law that would prohibit any future tax amnesty programs. The proposal follows an 8 June 2017 decision of the Spanish Constitutional Court that the tax amnesty (voluntary disclosure) program introduced in 2012 was unconstitutional. The tax amnesty program had provided for a special levy of 10% on the value of undeclared…

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