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Hombres por la igualdad

Nuria Coronado’s book “Hombres por la Igualdad” was presented in the headquarters of European Institutions in Madrid last Friday, 24th of November. Sixteen well known men from different professional sectors and trajectories shared pages in this book in favour of equality, the 16 are convinced of the necessity of achieving...

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New ruling favourable for claims of mortgage costs

Recently we published an article with regards to court claims in mortgage expenses (Notary fees, Land´s Registry fees, Property Appraisal and management costs among others). Furthermore, a First Instance Judge from Alcorcon, (Madrid), has sentenced Bankia to refund all above mentioned mortgage set up costs including the Stamp Duty Tax which...

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#EmbraceSpain XXXVIX: Spain embraces the UK

Coinciding with King Felipe VI's visit to the United Kingdom, the London School of Economics and Political Science (LSE) and El País, the leading Spanish and Latin American newspaper, launched the Observatory of the Spanish Speaking World. The presentation and signing of the agreement took place on July 12th at...

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Owning Property in Spain is Taxing

It’s just a matter of time that UK expatriates in Spain receive a notification from the Spanish Inland Revenue (Hacienda); claiming unpaid taxes for the last four tax years (tax statute of limitation). By now, after having acquired your Spanish property, we are sure you’ll agree that the Spanish Tax Legislation...

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The Observatory of the Spanish-speaking World

The London School of Economics and the Spanish Leading newspaper in the world launch The Observatory Of the Spanish-speaking World  Coinciding with the Spanish king’s visit to the UK, The London School of Economics and Political Science and El País -Spanish leading newspaper in the world- launch the Observatory of the...

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XXI Century censorship and Qatar Crisis

In countries and times when communication is impeded, all other freedoms soon wither away. The discussion dies from starvation, ignorance of others' opinions becomes rampant, imposed opinions triumph.Intolerance is inclined towards censorship, and censorship promotes ignorance of the arguments of others and therefore intolerance itself. A rigid vicious circle, which...

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Floor Clauses: 11 most Common Asked Questions

If you are one of those that are doubting about starting a complaint for overcharged mortgage interest against your bank, probably, many doubts will arise before contacting a professional firm. The clients whom have deposited their trust in us, have already been answered with their bank claims queries.In Del Canto...

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Moderate business optimism before Brexit

Moderate business optimism before Brexit The Chamber of Commerce in Great Britain presents in the Joint Commission for the EU of the Congress and the Senate a survey on the Brexit made among its members. The Spanish Chamber of Commerce in Great Britain participated last May 17, invited by the Spanish Parliament,...

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On palaces and ashes

On palaces and ashes Our Managing Partner, León Fernando del Canto, has published in The Huffington Post a personal reflection on the transitivity of life and death entitled "Palaces and ashes". As an example, he uses Ibrahim's King of Balkh fable, from the VIII century (the old city of Bactria, currently...

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#EmbraceSpain XXXIII: Gibraltar is not Brexit bargaining chip

#EmbraceSpain XXXIII: Gibraltar is not Brexit bargaining chip The authorities of Gibraltar claim Theresa May’s protection against a possible "interference"of Spain and the European Union in the Brexit negotiations. UK political parties are tweaking their electoral machinery to prepare for the upcoming general election in June. The Tories and Labor have published...

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Gulf tax revolution: Qatar approves VAT bill

Gulf tax revolution: Qatar approves VAT bill Qatar has approved a bill for the implementation of VAT and other taxes in 2018. The rest of Gulf countries will also introduce measures of this type. The Qatari government has recently approved a proposal for legislation to introduce the VAT tax and another rate...

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#EmbraceSpain XXX: Expats as Brexit social problem

#EmbraceSpain XXX: Expats as Brexit social problem Expats rights are the social challenge of Brexit and it is already included in the British political parties’ discourse even before negotiations and elections start. This week at Del Canto Chambers we continue to work from our offices in the UK and Spain to strengthen...

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The City claims itself before Brexit

The City claims itself before Brexit Our Managing Partner, León Fernando del Canto, took part in the event #EmbraceLondon, held by the Spanish journal El País, last 19th April. The event was assisted by British and Spanish businessmen and politicians in order to discuss the post-Brexit United Kingdom and to claim...

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Spain to recover its political influence in the EU

Spain to recover its political influence in the EU The Spanish government is facing a new role within its EU partners by gaining its lost influence due to the Brexit and its recovery from the economic crisis. Spain is trying to recover its diplomatic and influential position inside the European Union which...

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#EmbraceSpain XXIX: Pragmatism as a solution to Brexit

#EmbraceSpain XXIX: Pragmatism as a solution to Brexit Businessmen and representatives of British and Spanish institutions agree that pragmatism is the best option for successful Brexit negotiations.At Del Canto Chambers we are back from the Easter break with a vortex of activity. Our Firm participated in the event #EmbraceLondon, the editorial...

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The Spanish tourist market, global leader in competitivity

The Spanish tourist market, global leader in competitivity Spain is found to be the first competitive global tourist power in a World Economic Forum's report. The Spanish tourist market keeps increasing and this year's provisions are higher than 2016's. Spain was visited last year by 75.6m tourists, up to 10.3% more than...

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The Spanish economy improves by reaching pre-crisis values

The Spanish economy improves by reaching pre-crisis values Spanish economic data are upgrading although there is still a wide margin for improvement in relation to employment. After three years of growth, the Spanish economy is improving and reaching levels prior to 2008 crisis. The government forecasts for 2017 places this growth around...

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Travelling as metaphore of living

Travelling as metaphore of living Our Managing Partner, León Fernando del Canto, has published in The Huffington Post a review of his first novel, entitled "Que tu viaje sea largo", released by Trampoline Editores. A personal tale, inspired by Íthaca by Kavafis, describing his positive self-construction in the journey of knowledge's...

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The Spanish Embassy held a meeting on Brexit

The Spanish Embassy held a meeting on Brexit “This is a historic moment from which there can be no turning back”  said yesterday Theresa May in the House of Commons; few hours after her ambassador in the EU Tim Barrow gave to Donald Tusk; EU Council President, the letter which officially...

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ISA Accounts: Effortlessly Save (tax) in the UK

ISA Accounts: Effortlessly Save (tax) in the UK Individual Savings Accounts (ISA) are a very popular savings model in the UK. The fiscal will implement in April new fiscal measures that will make them more attractive. Helping families to increase their savings levels: that was the idea of ​​the North American economist...

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Qatar to invest 5 billion pounds in UK

Qatar to invest 5 billion pounds in UK Qatar announces that it will invest a total of £5 billion over the next three to five years in transport, real estate and digital technology infrastructures. The Qatari government, through the Ministry of Finance, has announced that it will invest some 5,000 million pounds...

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#EmbraceSpain XXVI: The UK activates Brexit

 #EmbraceSpain XXVI: The UK activates Brexit The UK Prime Minister Theresa May has announced that she will activate Brexit on 29 March. Negotiations with the EU will last for at least two years. There have been three events that have set the tone for our Firm Del Canto Chambers this week: Theresa...

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SOCIMI: Real Estate Investment Companies

SOCIMI: Real Estate Investment Companies The tax advantages offered by the #Socimi make these companies a safe investment vehicle in Spain, sponsored by the improvement of the real estate market in our country. The #SOCIMI or Listed Companies of Real Estate Investment are Spanish companies listed on the Alternative Stock Market (MaB)...

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#EmbraceSpain XXV: Waiting for Theresa May

#EmbraceSpain XXV: Waiting for Theresa May The British government announces that Brexit activation is to take place at the end of the month, without giving a specific date. Recognition of residency rights is one of the keys to impending negotiations. The imminence of #Brexit activation, in other words, the British government's notification...

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Gender perspective and business management

Our Managing Partner, León Fernando del Canto, published an opinion piece in the Spanish journal Cinco Días on gender perspective and business management. Its translation into English is the following: "Gender perspective and business management" "The inclusion of gender perspective in companies is a crucial issue for the improvement of business results...

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Spain facing the Brexit’s game

Spain facing the Brexit's game Our Managing Partner, León Fernando del Canto, took part in event #BrexitOpportunity, organised along with the journal El País, that have been deeply reported by its "Business" supplement. The meeting gathered businessmen and diplomats in order to discuss the Spanish role in the Brexit's  negotiation process, the...

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islamic banking lands in Morocco

Islamic banking lands in Morocco

Islamic banking lands in Morocco The lawyer Gonzalo Rodríguez Marín, Main Coordinator at Saudi-Spanish Center for Islamic Economics and Finance (SCIEF) in the IE Business School, and the banking consultant and researcher Fatima Z. Bensar published a piece in the "Markets" section of the Spanish economic journal "Cinco Días" on the...

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#EmbraceSpain XXI: from rhetoric to facts

#EmbraceSpain XXI: from rhetoric to facts Whilst in the United Kingdom, the government is only awaiting the decision of the Lords to activate Brexit, the Supreme Spanish Court has finally positioned itself on the floor clauses. Brexit should not be an excuse for the deterioration of the commercial and cultural relations...

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The civilization sustained by the gender perspective

The civilization sustained by the gender perspective Our Managing Partner, León Fernando del Canto, along with the Director of the Agencia Comunicación y Género, Isabel Mastrodoménico, have written an joint opinion piece in The Huffington Post in which they dismantle the criticisms on gender perspective in a previous article published in...

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The Spanish-British axis

The Spanish-British axis It is time to get around the negative reading of 'Brexit' and strengthen ties between the two countries Published by León Fernando del Canto in El Pais on October 8th 2016 The Brexit has been a major blow to the dream of building an European Union, which, in truth,...

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Side B of the #floorclauses extrajudicial procedure

Side B of the #floorclauses extrajudicial procedure The #floorclauses extrajudicial procedure favours the banks instead of consumers As anticipated in our article “Floor clauses and smoke curtains”, the #floorclauses extrajudicial procedure regulated by the Royal Decree 1/2017 of 20 January has come to establish that banks continue winning this battle. This is not...

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Taxation of amounts returned by floor clauses

Taxation of amounts returned by floor clauses Customers who receive their refunds of floor clauses may have to pay for them, depending on the deductions applied at the time. The amounts received for the return of the floor clauses may be taxed, depending on the deductions applied at the time. The system...

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Schengen after Brexit

Schengen after Brexit Refugees crisis and spread nationalism across Europe have questioned the third-countries visa rules in the Schengen Area, but the real test will be the Brexit that will redefine expats status. Free movement of people, goods and services are one of the basic cornerstones of the EU’s political project. The...

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Expat Network, Still a Gain in Spain?

04-01-2017 | EXPAT NETWORK Our Managing Partner, León Fernando del Canto, has published statements in the British magazine Expat Network in which he highlights that Spain, despite Brexit and the Sterling’s devaluation, is still an important destination for British wanting to purchase a property in our country....

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#EmbraceSpain XII: Converting Brexit into stimulus

#EmbraceSpain XII: Converting Brexit into stimulus The UK is preparing to reconfigure its role as a political power because of the internal and external challenges of Brexit. Maintaining trade links with the United Kingdom is one of the objectives Spain should not ignore. Regarding this topic, we launched our campaign #EmbraceSpain: to...

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Gibraltar: the Brexit’s territorial problem

Gibraltar: the Brexit's territorial problem Gibraltar advocates a distinctive agreement for the Rock and other British territories in the negotiations regarding Britain’s exit from the EU. Gibraltar's Chief Minister, Fabian Picardo, advocated in the British TV Channel “BBC” that the upcoming negotiations between London and Brussels to negotiate Britain’s exit from...

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#EmbraceSpain XI: The path towards a new Europe

#EmbraceSpain XI: The path towards a new Europe With the parliament’s okay regarding Theresa May’s plans on Brexit and the offensive against Fraud of states and organizations, there will be a definite change in Europe, even in the tax area. This week the UK has taken a step further towards Brexit, with...

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Football Leaks: The tax evasión league

Football Leaks: The tax evasión league A European consortium of investigative journalists uncover footballers and celebrities' massive tax fraud, with an emphasis on Cristiano Ronaldo and José Mourinho. The German newspaper “Der Spiegel” known as Football Leaks, has revealed that several European clubs and soccer players have committed a crime of...

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Spear’s – BVI vs Mossack Fonseca

2-12-2016 | SPEAR’S Our Managing Partner, León Fernando del Canto, has published an opinion piece in the magazine Spear’s in which he defends the application of the universal jurisdiction principle for tax crimes to make the fight against international tax avoidance more effective. ...

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#EmbraceSpain IX: Ethical tax to achieve true equality.

#EmbraceSpain IX: Ethical tax to achieve true equality. Spain and the United Kingdom attract foreign capital, whilst establishing measures to avoid tax fraud within and outside its borders, protecting its taxpayers. Both Spain and the United Kingdom’s economies are growing, despite the economic crisis and Brexit. There are many differences between the...

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#EmbraceSpain VIII: embracing the future

New indicators show that the UK economy continues to grow, while the fight against international tax fraud adds a new ally in rating agencies.The #EmbraceSpain campaign was developed by our firm Del Canto Chambers just two months ago, and in this time we have been able to confirm that the...

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MSCI makes a stand against tax evading businesses

MSCI makes a stand against tax evading businesses

The agency Morgan Stanley will lower its ratings of businesses for evading taxes and maintaining opaque structures in order to not to comply their tax duties. The rating agency Morgan Stanley Capital International (MSCI) has announced to penalize tax evader businesses or companies following aggressive tax policies when rating since January...

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The Barrister Magazine Gibraltar is the yardstick to measure Spanish-UK’s relations

The Barrister Magazine – Gibraltar the yardstick of the future of Spanish and British relations

17-11-2016 | THE BARRISTER MAGAZINE Our Managing Partner, León Fernando del Canto, has published an article entitled “Gibraltar: the yardstick of the future of Spanish and British relations” in The Barrister Magazine, where he analyses the Gibraltar’s current status after Brexit and the Spanish’s co-sovereignty purposes with the United Kingdom. ...

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#EmbraceSpain VII: hand in hand against adversity

The luxury real estate market in the United Kingdom has improved with Brexit and the presence of internationals (including Spaniards) has had no significant decrease despite the effects of an almost ten-year crisis.Seven weeks have passed since our firm, Del Canto Chambers, developed the campaign #EmbraceSpain, during which we have...

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HNWI The British tax authorities’ goal

HNWI: The British tax authorities’ goal

British tax authority is targeting high-net-worth individuals in order to collect more taxes that patch the public deficit hole up. The United Kingdom has an economic problem: in 2015 its public deficit reached up to 4.20 of GDP. To cover that hole is a priority for the State to regain income....

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embracespain The UK reigns Brexit in

#EmbraceSpain VI: The UK reigns Brexit in

The 0.5% rise in the British economy and the judicial decision that has given Parliament control over Brexit has soothed fears around the dreaded recession and paved the way for a clearer process. Over the past seven days at Del Canto Chambers, as we transitioned between October and November, we have...

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EmbraceSpain Persevere to build the future

#EmbraceSpain V: Persevere to build the future

As part of the #EmbraceSpain campaign, we continue to support Spanish-British relations and we attended a conference organized by the British Chamber of Commerce in Spain This week at Del Canto Chambers, as a continuation of the #EmbraceSpain campaign, our Managing Partner, Leon Fernando Del Canto, published several pieces in the...

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London global center of Family Offices

London, global center of Family Offices

The British capital has the highest concentration of Family Offices in Europe, a booming business sector that manages high-net-worth families’ wealth. London is the Europe’s financial capital, headquarters of numerous businesses that move and attract extraordinary investments. Amongst its most vigorous businesses, is where Family Offices (FO) are found. They are...

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Non-doms reshape their taxation

‘Non-doms’ in the UK to reshape their taxation schemes

Non-domiciled in the United Kingdom are reshaping their properties and taxation schemes in anticipation of government’s taxation changes due to the Brexit.The British tax system and its rules will radically change since April 2017 and it will do more once London calls upon Article 50 of TEU to start the...

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The United Kingdom tax-cleaning Overseas Territories

The United Kingdom, tax-cleaning Overseas Territories

The United Kingdom's tax authorities investigate the offshore accounts of non-residents in their Overseas Territories and Dependencies upon US request. Last September the 30th, The British Treasury (HMRC -HER Majesty Revenues & Customs) received information on hundreds of thousands of offshore bank accounts of American citizens and residents from the United...

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media change is also a change in gender roles

The media change is also a change in gender roles

The Director of Agencia Comunicación y Género participates in a conference on the use of gender perspective in the media.The Cordoba Young Creation Festival “Eutopía 2016” has recently offered, as part of their discussion activities, a conference entitled “Gender Culture: communicating with gender perspective“. Participating in this conference was Isabel...

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The Spanish Banks' burden

The Spanish banks’ burden

Spanish bank entities' toxic assets continue to increase and they are a further factor of the currently weak economic recovery in Spain. The Spanish banks' burden: Spanish banks accumulate up to 350.000 million euros in their accounts in 'toxic assets', the equivalent to a third of the Spanish GDP. Such an amount...

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When the taxpayer becomes a client

When the taxpayer becomes a client

The 31st of October marks the end of the Spanish Tax Agency's Tax Inspection's Intensified Action Plan against tax fraud, which has been described as arbitrary and confiscatory by the fiscal sector. Last February, the Spanish Association of Tax Advisors (AEDAF) criticized the plan of incentives against tax fraud that the...

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embrace fashion youth and gender

We embrace fashion, youth and gender this autumn

This week we have participated in the Madrid Fashion Week together with MALNE and Eutopía 2016 in Cordoba with Spanish agency ‘Agencia Comunicación y Género’ which works to tackle gender issues by opening up lines of communication.Last Monday, the Del Canto Chambers team was present on the catwalk at the...

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Qatar safe shelter for British economy

Qatar: safe shelter for British economy

Qatar and the United Kingdom are strengthening their trade relations in the view  of the UK's exit from the EU. Greater cooperation between the United Kingdom and Qatar would be a huge opportunity for both countries. This is the conclusion reached by both countries' agents and diplomats gathered in a  lunch...

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McDonald's: new target in the EU tax offense

McDonald’s: new target in the EU tax offense

The European Union is tax-tackling McDonald's and demands that the fast-food company pay a huge to Luxembourg for back taxes, just as it did with Apple. The American fast-food giant McDonald's could face a fine imposed by the European Union of 466 million Euros in back taxes to be paid to...

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Corporate Income Tax: a roller coaster of reforms in Spain

The caretaker government will undertake the Corporate income Tax reform and  re-implement installment payments. This measure is being accused as confiscatory by labor unions and the opposition parties. The caretaker government will make effective through law-decree the Corporate income tax reform that was announced last July; and by which is trying...

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European Commission against Apple's tax spider web

The European Commission against the Apple’s tax spider web

Apple’s corporate network is investigated by the European Commission The EU's Competence Commission has calculated that Apple defaulted €13bn between the periods 2003 and 2013 in Europe. It is not the first investigation on this American multinational accounts, which is already being investigated by the Spanish Tax Agency. In fact, The Spanish...

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Very busy week at Del Canto Chambers

A very busy week at Del Canto Chambers

Qatar, United Kingdom and #Apple kept us occupied at Del Canto Chambers this week At Del Canto Chambers, September has started with an interview in The Times regarding the #AppleTax case. Meanwhile, the firm continues to strengthen its position as the first Spanish office in Qatar. Along with Leon Fernando del...

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Andalusia and The Keys to Memory

Andalusia and “The Keys to Memory”

Del Canto Chambers as partner and producer of the documentary “The Keys to Memory” together with Al Jazeera TV channel and Al Sharq Forum Foundation in Geneva by Andalusian Jesus Armesto, which delves into the history of Andalusia and its people. Andalusian filmmaker, screenwriter, poet, and writer Jesús Armesto (Écija- 1978)...

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International Taxation No peace for evaders

International Taxation: No peace for evaders

HM Revenues & Customs proposals for sanctions against tax evasion, the BEPS project and Islamic finance have been the highlights of the week at Del Canto Chambers. International finance has led the way this week at Del Canto Chambers. We have analysed the emerging sector of Islamic finance, the BEPS (Base...

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Directive for European front against tax evasion

A Directive for the European front against tax evasion

The Directive 2016/1164 applies the principles of the OECD against international tax evasion in Europe The Council Directive (EU) 2016/1164 of 12 July 2016 laying down  rules  against tax  avoidance practices that  directly affect the  functioning of  the internal market  was enacted concerning tax avoidance. The new legislation follows the directions...

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Brits who commit fraud risk large fines for tax evasion

Brits who commit fraud risk large fines for tax evasion

HMRC has an ambitious plan against tax evasion that is raising doubts among industry professionals and tax advisors.The British Treasury has launched a plan to prevent tax fraud which seeks to impose sanctions of up to 100% of the taxes evaded. The plan is a continuation of the anti-fraud measures...

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Islamic Finance business opportunity for Spain

Islamic Finance as a business opportunity for Spain

Our Managing Partner at Del Canto Chambers, León Fernando del Canto, has published a new article at Spanish journal Cinco Días wherein describes the business chance that Islamic Finance means for investors in Spain.Islamic Finance is a sharia-compliant emergent financial model forbidding interest rates payments and speculation, among others. Although it...

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Holiday hell

Holiday hell

Our Managing Partner, León Fernando del Canto, has published a new article at New Law Journal titled 'Holiday hell'. This article analyses how the later CJEU's Advocate General's opinion on floor clauses' retroactivity has affected not only Spanish citizens owning overpaid mortgages but UK citizens in Spain having holiday homes.To...

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UK M&A Waving not drowning

UK M&A: Waving not drowning

Our Managing Partner, León Fernando del Canto, reviews at Acquisitions Daily what the near future is looking like for M&A activity in wider Europe as a result of Brexit: UK M&A: Waving not drowning León Fernando Del Canto, managing partner at Del Canto Chambers, reviews what the near future is looking like...

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BEPS: Welcome to the OECD 2.0

BEPS: Welcome to the OECD 2.0

The OECD is trying to resolve some of the classic international tax issues in the context of the digital economy. Welcome to the OECD 2.0Since 2013 the OECD’s BEPS (Base Erosion and Profit Shifting) is combating international tax fraud with a true multilateral tax reform proposal in a paper called...

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BEPS project global consensus against tax evasion

BEPS project: global consensus against tax evasion

The OECD leads an international project to fight tax fraud that places a special focus on cross-border taxation of corporate income tax. In economic terms, "globalization" means the same as "world market". Doing business globally also involves generating wealth on a global level, which, eventually, must be taxed. Countries, through multilateral or...

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UK no longer worried about Brexit

The UK is no longer worried about Brexit

The storm caused by Brexit seems to have settled in the UK. In other news, British citizens residing in Spain should pay attention to their wills and mortgages now more than ever, following an ECJ judgment on floor clauses. This week at Del Canto Chambers, the UK has been the main...

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Brexit and Qatar

Brexit and Qatar

Economic relations of Britain and Qatar could be strengthened as a result of the British departure from the European Union. Brexit and Qatar:The exit of the UK from the European Union, embodied in the referendum last June, will mean more economic and business opportunities for Qatar and the Gulf countries. Taking into...

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Treasury leads the way

Treasury leads the way

Working on the Tax Agency’s fight against tax fraud and tax collection has monopolized our week at Del Canto Chambers.  Treasury leads the way: The Tax Agency has been the chief protagonist this week at Del Canto Chambers. We have focused on the inspections being carried out in large multinational companies operating...

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Spanish treasury and foreigners in the Costa del Sol

Spanish treasury and foreigners in the Costa del Sol

Our Managing Partner at Del Canto Chambers, León Fernando del Canto, has published at the Spanish economic journal "Cinco Días" an article on Spanish Tax Agency's inspection activities in the Andalusian "Costa del Sol", mostly headed against high-purchasing-power foreign residents: Spanish treasury and foreigners in the Costa del Sol "The state coffers...

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Premi Resi - The Rain in Spain

Premi Resi – The Rain in Spain

26-07-2016 | PRIME RESI The digital Media specializing in real estate, Prime Resi, published an article by our Managing Partner, Leon Fernando del Canto, on the recent decision of the Advocate General of the ECJ in relation to the non-retroactivity of provisions soil and how it will affect the owners of holiday...

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Spanish corporate tax will grow

Spanish corporate tax will grow up to more than 20%

The Spanish government still has not specified a figure but assures it will be up to 20%. The public deficit's compliance with Brussels it is an uthopy. The Spanish caretaker government has notified to the Fiscal Responsability Indepedent Authority (AIReF) that the new corporate tax's fractioned payment's rate will permanently be...

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Bad news for Brits with a holiday home in Spain

Bad news for Brits with a holiday home in Spain

The British newspaper The Times has published an article by León Fernando del Canto on the consequences, for British citizens owning a property in Spain, of the ECJ's advocate-general's decision with regard to the floor-clauses' no retroactivity: Bad news for Brits with a holiday home in Spain The European Court of Justice's...

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Spain and Morocco modify double-taxation agreement

Spain and Morocco modify their double-taxation agreement

This Agreement's reinterpretation will enable law firms and chambers' works and businesses with the neighbouring country. Spain and Morocco have introduced some modifications in their 1978 Agreement to avoid double taxation in the income and heritage tax fields, which will mean further improvements in both countries' commercial relations and in the...

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Iberia wins millionaire trial to Spanish Tax Agency

Iberia wins millionaire trial to Spanish Tax Agency

The Spanish airline company avoids paying 29 million euros of non-resident income tax to the Spanish Tax Agency because an unjustified inspection visit enlargement. The Spanish airline company Iberia has won a twenty-nine-million trial to the Spanish Tax Agency. That Agency was claiming this amount by way of non-resident income tax's...

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Floor clauses and Brexit this week’s hot topic

Floor clauses and Brexit: this week’s hot topic

The CJEU’s Advocate General’s line on floor clauses and the Brexit’s economic consequences corners Del Canto Chambers’ reporting work last seven days.The work at Del Canto Chambers has been traced by the CJEU’s Advocate General’s statement on floor clauses and Brexit’s effects in the British economy this week. The Advocate...

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Light and shadows in British housing market

Light and shadows in the British housing market

A Rics' survey warns of a British housing market's deep falling while a report from Moody's states that it is not going to affect main investors: GCC countries. A Royal Institution of Chartered Surveyors' survey (Rics) foresees that home sales in the UK will significantly go down in the summer of...

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Conflicting emotions on CJEU's line on floor clauses

Conflicting emotions on CJEU’s line on floor clauses

Disappointment in consumers associations, cautious euphoria in Spanish banking system Reactions on CJEU's Advocate General's decision on limiting the floor clauses' retroactive effect were immediately undertaken. The most-affected banking entities by this measure are not hiding their joy but cautiously: the final sentence will not be known until December 2016. CEJEU is...

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CJEU's line threatens Spanish banking system

CJEU’s line threatens Spanish banking system

CJEU's Advocate General does not declare null the floor clauses' retroactivity and the so-called "Bankxit" is near to become a reality The CJEU's Advocate General has issued this Wednesday on the retroactivity of the floor clauses' nullity. Clients who signed a floor-clauses mortgage with a bank have overpaid by their interests...

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Uncertainty gives way to pragmatism

Uncertainty gives way to pragmatism

London is reacting to Brexit, in Spain investors' juridical security is increasing and it is expected that the Qatari's economy will enhance in following years. No one is doubting that Brexit has been a setback for the British economy and, after the referendum, the markets suffered from huge drops. But it...

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Sterling drop cheapens expats British pensioners

Sterling drop cheapens the expats British pensioners

British pensioners on abroad have experienced how their pensions have dropped until a 10% and they are afraid of losing even more purchase power. The Brexit still has consequences, mostly negatives, for the British economy. Shortly after the referendum, the sterling pound felt in the markets and it reached unremembered values...

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Brexit's consequences fail or chance

Brexit’s consequences fail or chance?

In London and in the rest of the European continent the strategies to avoid Brexit's negative consequences and to take advantage of its opportunities are being redefined. The Brexit's economic and juridical consequences do not stop but after the first shocking days, the strategies are being redefined now in both sides...

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Short-term double or quits on M&A and taxation

Short-term double or quits on M&A and taxation

While in Europe markets are shrinking due to the Brexit, in the Middle East a new super-bank is being created which will start to operate in early 2017. Brexit, the European banks crisis (with Italy and Portugal just about to be rescued), the emerging economies' lower growth and international markets' instability...

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Possible sanctions to Spain for breaching the deficit and Brexit’s impact: bad times for investors and taxpayers

Possible sanctions to Spain for breaching the deficit and Brexit's impact: bad times for investors and taxpayersThe fine to Spain and Brexit's consequences are uncertainty factors in the international market and they warn investors and taxpayers.Spain could be sanctioned by the European Commission for having breached the public deficit objective,...

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New European Data Protection Regulation

New European Data Protection Regulation

The EU was needing a new law regarding data protection in order to replace the EU directive which dates from 1995, when the internet was still in its infancy.So finally last week, after more than four years of negotiation, the European Union’s General Data Protection Regulation (GDPR) was passed in...

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MALNE Spanish luxury fashion brand

MALNE, Spanish luxury fashion brand for the European and the Middle East markets is born

[caption id="attachment_17746" align="alignnone" width="720"] Paloma Alvarez and Juanjo Máñez[/caption]Last week MALNE was officially presented to specialized media and industry professionals in Madrid, a new Spanish fashion firm focused on luxury. The talents behind this new premium brand are designers Paloma Alvarez and Juanjo Máñez, with extensive experience in the fashion...

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Promising winds of change in Qatar

The drop in the price of oil and different social, political and economic issues arising in the area are provoking changes in one of the most prosperous and competitive economies in the world. This changing landscape should mean new opportunities for businesses.Oil and natural gas revenues have placed Qatar as...

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Iran´s future is looking bright

Doubtlessly Iran has a lot to look forward to ever since the international trade sanctions were lifted last week.Perhaps the most immediate benefit will be the unfreezing of assets abroad, worth anything between $32 billion and $60 billion, depending on the source of information. Apparently it is Iran`s plan to...

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New business opportunities in Iran

Now that the sanctions against Iran have been lifted, the opportunities that have emerged for international business are significant. This country has huge natural resources and a highly educated and predominantly young population of over 80 million people. So although international companies will have to proceed with some caution for...

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Is Intellectual Property on its last legs?

What is money for authors? The reward for their creative work. In Money, Pink Floyd says: Money, it's a crime. Share it fairly but don't take a slice of my pie. There is always someone else taking a slice of the authors rights pie. Producers, studios, publishers and distributors. As well as the public, skilled...

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