Spain removes Gibraltar from tax haven list and adds Russia
The Spanish Ministry of Finance has officially updated its list of non-cooperative jurisdictions, marking the first change to Gibraltar’s status in over three decades.
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According to Euronews, the Spanish Ministry of Finance has removed Gibraltar from its list of tax havens, ending a classification that had remained in place for 35 years. The update to the list of non-cooperative jurisdictions also sees the addition of Russia.
The government stated that the decision to include Russia aligns with the current position of the European Union. This regulatory adjustment represents a significant shift in Spain’s fiscal policy regarding international tax cooperation.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews