Friday, 24 February 2017

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Variable Capital 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. 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. Learn more at: ECRI. 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...