Article 13 of the Model Conventions largely leaves taxation of capital gains to that state which, prior to the alienation of the property disposed of, was entitled to tax both such property and the income derived therefrom.RibesTaxAurora
This is separate from Capital Gains Tax, which sellers must pay. In the case of companies selling urban land, such economic activities will be considered a transfer of goods and services and a source of business income, which will then have Value Added Tax liability in Spain. This is known...
Capital gains on share transactions within the holding company are tax-exempt. Dividends that the holding companies pay their non-resident investors are tax-exempt, as long as those investors are not based in so-called tax havens. Spanish resident individuals who perceive dividend payments from hold...
non-transfer assets) at a proportional rate, as well as not aligning the proportional marginal tax rates and the minimum of the progressive rate and regarding income from economic activities, it does not differentiate the part of the income from the working source and the income from capital. ...
In this paper, we use administrative data on tax returns to characterize the distributions of before- and after-tax income, tax liabilities and tax credits
which caused significant problems because they had to pay more for capital, and they held mortgages that (many of which went into default as a result of the crisis) still earned only low fixed interest rates of return. This brought several of them to the point of insolvency. If their vulne...
recently,Bigelli, Martín-Ugedo, and Sánchez-Vidal (2014)have analyzed different determinants of financial conservatism in light of the main theories of capital structure policy. They found that financially conservative companies are smaller, use moreintangible assetsand face low effective tax rates. ...
Agricultural land use and production increased in all provinces, but gains were unevenly distributed. Likewise, the rates at which land use and production grew in each province and region were non-uniform, speaking to differing degrees of ecological transformation. Land use grew fastest in Mindanao,...
Different forms of public/private mix have become a central mode of the privatization of healthcare, in both financing and provision. The present article compares the processes of these public/private amalgams in healthcare in Spain and Israel in order t
They will raise rates on the short end and work to maintain lower than natural long rates. Anything else would spell disaster for the economy. Why can the Fed employ QE (electronic money printing) in the first place? Because money does not exist. What we use as money is really credit. ...