Tweet Uber, the car ride sharing app, has been forced to shut down operations from today, Judges in Madrid have ordered. Following protests by Spanish taxi associations, and ‘cautionary measures’ supporting a future court case presented by the Madrid Tax Association against the Californian based startup, the judge passed the decision that Uber drivers “lack […]
World’s longest rail road: China to Madrid in 21 days on the Yixin’ou cargo train
TweetChina has just launched the complete new cargo transport route “Yixin’ou” connecting Yiwu, China’s eastern wholesale capital nicknamed China Commodity City, straight to Madrid via Central Asia. The first train trip arrived last Tuesday with the 82 container train travelling 13,000 km over 21 days. The longest China-European train line to date, this new cargo […]
Spain’s population set to decline from 2015
TweetAnnual population growth in Spain has been modest since 2009 and negative since 2012 – more people are dying and less babies are being born in Spain. This could be explained largely by the economic crisis, mixed with proportionally more women in the workplace, less women of child bearing age, and smaller family sizes. With this […]
Spain’s Google Tax aims to earn €80 million a year for the AEDE
TweetOnline aggregators beware, Spain has passed a new law obliging them to pay a tax to the original news source they are linking to in a bid to save the domestic newspaper industry. Named the ‘Google tax’ after the most prominent news aggregator, companies affected will be forced to pay a monthly fee or per […]
Modernisation of Spain’s VAT tax reporting system
TweetHacienda have announced a new administrative system the Suministro Inmediato de Información (SII) or “Immediate supply of information” for facilitating the reporting of tax information from invoices for certain taxpayers. Effective from 1st January 2017, the new system will enable taxpayers to supply VAT (IVA) information from issued or received invoices within a four day time […]
Crowdfunding in Spain officially under regulation
TweetSpain’s Minister of economy and competitiveness, Luis de Guindos, has introduced new legislation making Spain one of the first countries to regulate the crowdfunding sector, imposing restrictions on how much non-professional investors can invest. Crowdfunding in Spain Crowdfunding for new projects and startups has been incredibly popular in Spain as an alternative to bank credit, […]
EU rules Spanish Inheritance Tax discriminatory and illegal
TweetThe European Court of Justice (ECJ) has ordered Spain to change the law related to inheritance tax or Impuesto sobre Sucesiones y Donaciones – judged illegal due to discriminatory rates charged to foreigners – and repay approximately €600 million to beneficiaries who have already paid the sometimes astronomical 40% inheritance tax during the past four […]
Mobile Marketing in Spain and the App Date
TweetSpain has the highest penetration of smartphones and mobile devices in Europe with 85% of the population using one, 23 million people use social media on their mobile devices regularly and the average time spent on social media is 1 hour and 28mins. Do not abandon mobile in your marketing strategy! The App Date has […]
Messi tax fraud allegations continue
TweetLionel Messi , Barcelona forward and world football sensation has been accused of using a network of companies created by his father to defraud the Spanish government of €4.1 million of tax revenues over the period of 2007-2009 for income earned from his image rights. Allegedly he and his father siphoned away this income to tax […]
Free WIFI supplier Gowex faces bankruptcy and false account charges
TweetFormer Spanish technology darling Gowex has filed for bankruptcy, frozen existing contracts and dismissed founder and former CEO Jenaro Garcia Martin who is being charged with falsifying accounts for at least the past 4 years, distorting financial and economic information, and insider trading. Gowex, Free WIFI provider for major cities (Madrid, New York, Paris and […]