Spain's Ministry of Economic Affairs and Digital Transformation has published draft legislation approved by the Council of Ministers earlier in July to promote emerging companies (start-ups) and attract international investment and talent. Among other measures, the legislation provides tax incentives for qualifying emerging companies, including: A reduced 15% tax rate that would apply in the first tax period a company achieves a positive tax base and the subsequent three periods, which would be available for corporate tax purposes for qualifying residents, as well as non-resident income tax purposes in respect of income obtained through a qualifying permanent establishment in Spain;...