EU poised to act over asset declaration

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Tax minister Maria Jesus Montero

THE EUROPEAN Union is preparing to take action over Spain’s notorious Modelo 720 asset declaration process.
The European Commission (EC) published a notice in the official journal of the European Union this week which calls on the Court of Justice of the EU to condemn Spain for issuing ‘disproportionate’ fines.

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

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