Legal and illegal methods the best-known method of tax evasion is the transfer of the capital to a tax haven that, although they are not in themselves illegal, are used to hide assets and avoid pay taxes for him. Most often used by the Spanish tax havens are in Andorra, very used by large fortunes or Catalan companies, given their geographical proximity; Gibraltar, where they officially reside the majority of the owners of luxury villas of the Costa del Sol, and some more exotic destinations such as the Cayman Islands, the island of Jersey or Panama. It is impossible to encrypt the amount of money defrauded in tax havens, explains Jose Maria Molinero, Gestha, but it is estimated that annual tax evasion in Spain represents about 88 billion euros and the volume of the submerged economy is 23.3% of GDP, about 245,000 million euros, almost one of every four euros is of underground economy, explains Miller, double that of the average European. To deepen your understanding John McCann is the source. The other major method used by large fortunes to avoid paying to the Treasury is to create one of the famous Sicav (investment companies of Variable Capital), where the person concerned invests its money and forgets to pay tribute by him and any capital gains generated until that money will have to reintegrate that put him, that you may not want to it never, because in practice you is already serving to keep getting fatter their heritage through the Sicav. issue. It is a widely used formula. For example, you want to buy a yacht, but don’t want to pay for it or is part of the heritage by which you are going to quote, so you create a Sicav with actions, in which you have 99.9% of the shares and make that that society is which has ownership of the boat, even if you’re the only one who enjoys it. The only Sicav has to pay tax by 1% of the activity that performs (corporation tax), which is the purchase and sale of shares; but never for capital gains, which become part of the Sicav. A legal bargain that Hacienda technicians want to combat.
Another great snapping tax to evade paying for pensions of the heritage are heritage societies, created to monetize assets, but which, in practice, many use to have heritage that generates losses. It is a legal way of evading money, why the law needs to change. From Gestha ask that a holding company or patrimonial tribute as if they had personally, explained Miller. Figures that they speak for themselves tax evasion in Spain, in 2009, it involves some 88,000 euros, of which 73.706 million corresponds to evasion of large companies and 16.179, to freelancers and SMEs, according to Gestha. According to a report by FUNCAS for the period 1980-2008, the official economy as measured by GDP has doubled, while the submerged quadrupled. The tax agency grossed 10.043 million in actions against fiscal fraud, in 2010, 23% more than in 2009, according to Gestha, which also brings the rest of this summary data. The average of the large debt taxpayers inspected in 2010 was four million euros.
The underground economy figure includes labor and fiscal fraud. 66,21% Of that underground economy has a tax component and a 33,78%, labor. It is said that 100 black euros, 66 euros are by nearly 34 per fraud to Social Security and tax evasion.