Spain faces EU justice over asset declaration procedure

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Spain has been referred to the Court of Justice of the EU for imposing disproportionate penalties on taxpayers for failing to report assets held in other European countries via the infamous Modelo 720 form.

The Modelo 720 is ‘in conflict with the fundamental freedoms in the EU’, according to the European Commission.

Full story in Friday’s Costa Blanca News

Read more in this week’s print edition or go to e-paper

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