- the creation of a new specialized unit to reinforce the fight against international tax avoidance in Spain, similar to the units created in France, Germany and the United Kingdom to tackle the aggressive tax planning of MNEs. The new unit will be attached to the tax audit department of the Tax Administration State Agency (AEAT), will be composed of 50 members and will have competences all over the national territory;
- the initialling of the agreement with the United States to implement the Foreign Account Tax Compliance Act (FATCA); and
- the renegotiation of a new treaty protocol regarding exchange of information with Switzerland, which eliminates the restriction included in the current protocol by which Switzerland only provides information in cases of tax fraud.
Source: IBFD and Spanish newspapers