Writer Carlos Segovia World Markets:
The heads of banks and Spain have shown that the boss, boss, and have gotten a tax cut in these times of austerity that run. It is true that the 2006 law that fixes was not ideal, but also other groups would want to change and do not get them. In addition, it has become so faulty and in time for the banking unedifying.
The heads of banks and Spain have shown that the boss, boss, and have gotten a tax cut in these times of austerity that run. It is true that the 2006 law that fixes was not ideal, but also other groups would want to change and do not get them. In addition, it has become so faulty and in time for the banking unedifying.
that morning of 31 October, the Bank of Spain announced, and formally, that Spain was entering recession and the Council of Ministers began its regular meeting with a diverse menu of royal decrees 19 and 32 agreements. The index
Green shared folder to each minister appeared a boring royal decree on the prevention of tax evasion and tax incentives for patronage. This index is the issues that need discussion in the Council, because there are cocinados.Y, hidden in a third final provision contained section two, so unintelligible, no Unless a tax cut from 43% to 18% of Income Tax of Individuals to obtain capital income in its financial institutions which run them. Shareholders is more than 1% stake in a large firm, members of the board of directors, senior managers and the whole family through third grade, uncles and nephews of the 180 banks, savings and credit unions in the country.
words, about 5,000 people, excluding relatives, among which are the highest paid in Spain.
Why such a discount? Everything comes from the tax reform undertaken by the then Secretary of State for Finance, Miguel Angel Fernández Ordóñez in 2006. Until then, everyone had to pay taxes all at up to 45%, but Mafo and his team decided that the capital income taxed at 18% and that the work they did to 43%. It was not very socialist, but had to hold capital in Spain to globalization. So if you buy stocks and sell in an hour, then 18% in income tax, you receive interest on your savings account, 18%, you are paid and earn more than 55,000 euros per year, 43%, my friend. Mafo
But made an exception. Continue taxed at up to 43% capital income received from their companies that sent them. That is, if you bought a Booty Santander bonus, because taxed by 43% and if you bought the rival BBVA, 18%.
The idea was to prevent those who had control over their companies take advantage of the loophole even disguised as capital income which, in reality, were bonuses. A bar owner could artificially lend money to the company and it was deducted 30% of the financial burden incurred while the owner smartass, taxed the interest received to 18%. As no one can control, to pay all the leaders, including bankers.
In 2006, when he was in the process of law, the president of the English Banking Association, Michael Martin, began to move to did not have to exempt those who sent in credit institutions, as the specialist sector. Solbes did not swallow then neither is he who was head of the PP parliamentary group, Eduardo Zaplana, who refused to submit the request for amendment proposed by the AEB. Yes supported Josep Antoni Duran i Lleida (CiU) and the Pio Garcia Escudero popular in the Senate, without success.
So did the 2007 fiscal year and all major shareholders and management of all entities in Spain, whether big banks or small woodworking companies had to continue paying taxes on up to 43% on capital income when they came from accounts , bonds or loans from firms, while his employees were already at 18%.
bankers have just endured a year. Solbes has already swallowed and with retroactive effect from January 1, to cover the full fiscal year, out of the ban "people linked to credit institutions." It feels like the other business leaders.
And so the day that Spain entered a recession, the Government considered urgent to "correct this anomaly" for the financial sector and reduced the tax to the highest paid in the country and its familias.No approved, however, such Colin Campbell's request that they remove the excessive tax burden on the money received dismissal in a redundancy.
addition, the bank cut key problem is done with so-a decree can not change the Income Tax Act as explained in this newspaper Felix Bornstein, and comes at a time of unprecedented public support to the banking and ugly news. For example, Bernard Madoff scam has brought to light a thousand English customers of Santander invested in a Bahamas-based fund - why not in Barcelona? - Entrusted by Optimal Madoff, a subsidiary of the bank Cantabrian in Geneva. Why not in Gijon?
BBVA has not been quite there, it went very bullfighter on the first day saying he had no risk, to recognize 48 hours after 300 million. But the worse off is Santander, with 2,330 million in losses for its clients and to articles such as The Wall Street Journal, emphasizing the family. Or the fact that Javier Botin, son of the president, is adviser to the bank and at the same time, competitor from M & B Capital Advisers with Guillermo Moreno, Ana Patricia Botin husband. The always restless
Booty sent Rodrigo Echenique press Madoff, although the risk is responsible Matias Rodriguez Inciarte-three days before his arrest. Willy Moreno has also taken two Madoff cafes in the last two years to personally know the guy I was hoping Bernard fondos.Pero todos.Y deceived Now the challenge of the entire financial sector to restore confidence. So it is so ugly a botched tax break for the dome. And on top of sly.
malvasíaBlog Green shared folder to each minister appeared a boring royal decree on the prevention of tax evasion and tax incentives for patronage. This index is the issues that need discussion in the Council, because there are cocinados.Y, hidden in a third final provision contained section two, so unintelligible, no Unless a tax cut from 43% to 18% of Income Tax of Individuals to obtain capital income in its financial institutions which run them. Shareholders is more than 1% stake in a large firm, members of the board of directors, senior managers and the whole family through third grade, uncles and nephews of the 180 banks, savings and credit unions in the country.
words, about 5,000 people, excluding relatives, among which are the highest paid in Spain.
Why such a discount? Everything comes from the tax reform undertaken by the then Secretary of State for Finance, Miguel Angel Fernández Ordóñez in 2006. Until then, everyone had to pay taxes all at up to 45%, but Mafo and his team decided that the capital income taxed at 18% and that the work they did to 43%. It was not very socialist, but had to hold capital in Spain to globalization. So if you buy stocks and sell in an hour, then 18% in income tax, you receive interest on your savings account, 18%, you are paid and earn more than 55,000 euros per year, 43%, my friend. Mafo
But made an exception. Continue taxed at up to 43% capital income received from their companies that sent them. That is, if you bought a Booty Santander bonus, because taxed by 43% and if you bought the rival BBVA, 18%.
The idea was to prevent those who had control over their companies take advantage of the loophole even disguised as capital income which, in reality, were bonuses. A bar owner could artificially lend money to the company and it was deducted 30% of the financial burden incurred while the owner smartass, taxed the interest received to 18%. As no one can control, to pay all the leaders, including bankers.
In 2006, when he was in the process of law, the president of the English Banking Association, Michael Martin, began to move to did not have to exempt those who sent in credit institutions, as the specialist sector. Solbes did not swallow then neither is he who was head of the PP parliamentary group, Eduardo Zaplana, who refused to submit the request for amendment proposed by the AEB. Yes supported Josep Antoni Duran i Lleida (CiU) and the Pio Garcia Escudero popular in the Senate, without success.
So did the 2007 fiscal year and all major shareholders and management of all entities in Spain, whether big banks or small woodworking companies had to continue paying taxes on up to 43% on capital income when they came from accounts , bonds or loans from firms, while his employees were already at 18%.
bankers have just endured a year. Solbes has already swallowed and with retroactive effect from January 1, to cover the full fiscal year, out of the ban "people linked to credit institutions." It feels like the other business leaders.
And so the day that Spain entered a recession, the Government considered urgent to "correct this anomaly" for the financial sector and reduced the tax to the highest paid in the country and its familias.No approved, however, such Colin Campbell's request that they remove the excessive tax burden on the money received dismissal in a redundancy.
addition, the bank cut key problem is done with so-a decree can not change the Income Tax Act as explained in this newspaper Felix Bornstein, and comes at a time of unprecedented public support to the banking and ugly news. For example, Bernard Madoff scam has brought to light a thousand English customers of Santander invested in a Bahamas-based fund - why not in Barcelona? - Entrusted by Optimal Madoff, a subsidiary of the bank Cantabrian in Geneva. Why not in Gijon?
BBVA has not been quite there, it went very bullfighter on the first day saying he had no risk, to recognize 48 hours after 300 million. But the worse off is Santander, with 2,330 million in losses for its clients and to articles such as The Wall Street Journal, emphasizing the family. Or the fact that Javier Botin, son of the president, is adviser to the bank and at the same time, competitor from M & B Capital Advisers with Guillermo Moreno, Ana Patricia Botin husband. The always restless
Booty sent Rodrigo Echenique press Madoff, although the risk is responsible Matias Rodriguez Inciarte-three days before his arrest. Willy Moreno has also taken two Madoff cafes in the last two years to personally know the guy I was hoping Bernard fondos.Pero todos.Y deceived Now the challenge of the entire financial sector to restore confidence. So it is so ugly a botched tax break for the dome. And on top of sly.
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