IBEX 35 (^IBEX)
 

94% of Spain’s Stock Exchange is active in Tax Havens!


It revealed that 94% of the elite Spanish companies who operate the Spanish stock exchange, this equates to 33 of the IBEX 35 which are active or have subsidiaries in tax havens according to the report findings.

http://www.panorama.gi/localnews/hea...10237&offset=0

Re: IBEX 35 (^IBEX)
 

So they're not behind the likes of Google, Amazon and Starbucks in tax avoidance after all?
Are countries able to organise, and make these companies pay their fair share of taxes? Or is it a lost battle?

Re: IBEX 35 (^IBEX)
 

Rafael Nadal is the "entity" that pays the 5th largest amount of tax in Spain. Simply because she chooses to reside in Mallorca and not in a tax haven

Take that in for a second, there are only 4 companies in Spain that pay more tax than a tennis player!

Robbing the poor to pay the rich as usual

Re: IBEX 35 (^IBEX)
 

Cameron very recently(After the G8 summit decided something needed to be done about tax avoiding multinationals) wrote to the various tax havens including Gibraltar asking for them to co operate in cracking down on tax avoidance.

http://www.bbc.co.uk/news/business-22592662

I bet the likes of the Isle of Man, Gibraltar and the islands in the Caribbean will be rushing to help.:rofl::rofl:

Re: IBEX 35 (^IBEX)
 

and I thought it was a man.......
:rofl:

but it just goes to show the amount of money a fit tennis player travelling the world And Winning can earn
And for how many years before he hangs up his racquet and cuddles his (tennis) balls
:thumbup:

Re: IBEX 35 (^IBEX)
 

:rofl:
CM's on form today. He's just taken a pop at me, yet doesn't realise that Rafa Nadal is male...
It's actually a mistake a Spanish speaker writing in English would occasionaly make. Has CM also got underlings writing for him? :rofl:

Re: IBEX 35 (^IBEX)
 

Its always great when people pick up on typos

Given that I speak more Spanish than English these days then I am honoured to make such a mistake

Re: IBEX 35 (^IBEX)
 

Yes I also heard that on the News today

However Gibraltar has TIEA's in place with 26 countries, so I am a little confused

However I do not know to what extent these agreements go, is it only an exchange of information on individuals or does it cover companies and information on their directors?

http://www.eoi-tax.org/jurisdictions/GI#agreements