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Europe Daily Bulletin No. 12270

7 June 2019
Contents Publication in full By article 28 / 41
BREACHES OF EU LAW / Taxation
Spain brought before European Court concerning imposition of disproportionate penalties for non-declaration of assets held abroad
Brussels, 06/06/2019 (Agence Europe)

On Thursday 6 June, the European Commission decided to bring an action against Spain before the European Court of Justice (ECJ) concerning the imposition of disproportionate penalties on Spanish taxpayers who fail to declare assets held in other EU and EEA Member States ('Modelo 720').

This decision follows Spain's first formal notice, followed by a reasoned opinion of 15 February 2017, reminding it to ensure the proportionality of those rules it applies to assets held abroad.

Indeed, while...

Contents

SECTORAL POLICIES
INSTITUTIONAL
ECONOMY - FINANCE
EXTERNAL ACTION
YOUTH
BREACHES OF EU LAW
NEWS BRIEFS