▼

Friday, 28 January 2011

#0264* - UKIP MEP - In The Media - Spain Ordered To Recover Taxes

#0264* - UKIP MEP - In The Media - Spain Ordered To Recover Taxes!
.
Clean EUkip up NOW make UKIP electable! 
.
The corruption of EUkip’s leadership, 
their anti UKIP claque in POWER & the NEC 
is what gives the remaining 10% a bad name!
.
UKIP MEP Nikki SINCLAIRE - In The Media - The EUReporter:
Spain Ordered To Recover Taxes!!
.
~~~~~~~~~~#########~~~~~~~~~~

Spain Ordered To Recover Taxes

Thursday 27 January 2011By Nikki Sinclaire MEP
Spain Ordered To Recover Taxes
The Commission has requested that Spain abolishes a 2002 provision in its corporate tax law that allows Spanish companies to amortise 'financial goodwill' following acquisitions of shareholdings in companies in third countries. 

The Spanish provision allows for the amortisation of the financial value of goodwill (the difference between the cost of the shares and the market value of the target company's assets) in the acquisition of shareholdings in foreign companies. This is a clear exception from the general Spanish tax legislation. The provision, which effectively amounts to state aid, is illegal under EU rules. It allows for the writing-off over a period of time of the financial value of goodwill: it is in effect the granting of state aid in order to assist Spanish companies to acquire assets outside of the EU. 

The Commission began its investigations into the matter in 2007, and in 2009 confirmed the illegality of the practice. Spain is now being asked not only to repeal the legislation, but also to recover the aid granted since 2007. Acquisitions in China and India will be excepted, as obstacles present in those countries do, Spain has successfully argued, justify aid. The question of state aid remains problematic, as some EU member states continue to seek loopholes whereby they give unfair advantages to their own industries.

To view the original article CLICK HERE
.
~~~~~~~~~~#########~~~~~~~~~~
 
 INDEPENDENT Leave-the-EU Alliance
&
Work With THE MIDNIGHT GROUP to
Reclaim YOUR Future 
&
GET YOUR COUNTRY BACK
Write Upon Your Ballot Paper at EVERY election:
(IF You Have No INDEPENDENT Leave-the-EU Alliance Candidate) .
to Reclaim YOUR Future 
&
GET YOUR COUNTRY BACK
Posted by: Greg Lance-Watkins
tel: 01291 - 62 65 62
Related articles
Enhanced by Zemanta
at

No comments:

Post a Comment

Due to Spam & the offensive comments of many seeking to support UKIP corruption in a cloak of anonymity full moderation applies. This blog is designed to bring to light the actions of UKIP's leadership and their claque and show they are unfit for purpose on almost every discernible count.
The blog is based on supported facts, accurate quotes, substantiated details and as shon my opinion and that of others quoted!
By all means comment in your own name it will probably be published if you avoid foul and abusive language!