Mar 18 - The Government Says It Has Not Made Any Concessions In The Tax Treaty On Sovereignty, Jurisdiction Or Control
The Government says the statements from the GSD's Eliott Phillips on the Tax Treaty, suggesting that the Government has made concessions to Spain in that Treaty, are "clear lies".
A statement follows below:
These are lies designed to mislead the public. They are also, disgracefully, lies designed to spread fear amongst those Gibraltarians who reside in Spain because, he claims, they cannot afford to live in Gibraltar.
The Government has not made any concessions in the Tax Treaty on sovereignty, jurisdiction or control.
The Government has not agreed anything to damage the rights of Gibraltarians who live in Spain. The fact of the matter is that Gibraltarians who live in Spain are today already subject to Spanish tax.
If anyone lives in Spain but does not pay tax there, they are very likely in breach of Spanish tax law already.
What the Tax Treaty will do - which is a huge benefit for Gibraltarians who live in Spain and are properly registered in that respect - is provide a right to double taxation relief. This relief is presently afforded by concession in most instances but there is no right to it. The Tax Treaty will provide a right to this unilateral double taxation relief.
Additionally, the Tax Treaty also provides other advantages for individuals, corporate entities and for Gibraltar as a nation. The Government therefore looks forward to dispelling any further lies the GSD may want to try to spread.
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