Seleccion eE

Tax amnesty rules under review

Last year the Ministry of Finance announced a tax amnestry program aimed at increasing federal tax revenues, and the program has been a constant source of worry. It failed to achieve its original goal when it only raised 1.2 billion euros (just half of forecasts) and then got caught up in the Bárcenas scandal.

The Peoples? Party extreasurer used the tax amnesty program to legitimize the money that he had routed to Switzerland. That raised doubts about Montoro?s reasoning behind promoting the tax amnesty program to begin with. Pressured by tax inspectors, Montoro has asked his employees to review the tax documents of those who received tax amnesty. The Ministry of Finance has changed the rules of its tax amnesty program in order to clear up doubts about its purpose.

WhatsAppFacebookTwitterLinkedinBeloudBluesky