'The white paper reveals a classic bait-and-switch operation in which Spain lures foreign talent by offering official certificates guaranteeing favorable tax treatment, then retroactively denies the legitimacy of those same certificates to impose tax bills up to ten times higher than originally expected. The Spanish Tax Authority, which goes by the acronym AEAT and is commonly referred to as "Hacienda," entices American businesses to set up shop in the country through desirable tax credits and incentives, then unfairly taxes the workers of those companies in perpetuity, long after their tenure in Spain has concluded.'
fodmap•3mo ago
'The white paper reveals a classic bait-and-switch operation in which Spain lures foreign talent by offering official certificates guaranteeing favorable tax treatment, then retroactively denies the legitimacy of those same certificates to impose tax bills up to ten times higher than originally expected. The Spanish Tax Authority, which goes by the acronym AEAT and is commonly referred to as "Hacienda," entices American businesses to set up shop in the country through desirable tax credits and incentives, then unfairly taxes the workers of those companies in perpetuity, long after their tenure in Spain has concluded.'