Spanish exit tax ruled contrary to EU Law; US MNCs should consider refund claims

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May 2013


The European Court of Justice has ruled that Spanish legislation levying an immediate exit tax on the transfer of residence or the transfer of a company’s assets to another European Union member state is contrary to EU law. Thus, US multinational corporations with affiliates or permanent establishments in Spain that are affected by this decision should consider filing refund claims.

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Rob DeGaudenzi

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