- Hemeroteca.Gibraltar lowers the flag of the European Union and raises that of the Commonwealth
The Popular Party accuses the Government of having lost the "historic opportunity" represented by the UK's disconnection from the EU to assert Spain's sovereign rights over Gibraltar. A resignation that, in the opinion of the popular , has been confirmed with the signing of the International Agreement on Taxation between Spain and the United Kingdom in relation to the Rock, debated this Thursday by the Congress of Deputies.
This is the first agreement signed on the British colony since Utrecht and comes to consolidate a tax regime against which, according to the popular , all Spanish governments have fought, regardless of their political color, since it "consecrates the tax eden" existing in the colony.
In addition, the PP assures that with the new agreement the trump card of sovereignty is lost since in the same it is recognized to Gibraltar "state structures" such as a commercial registry, cadastre, a tax agency and its own legislation. And all this implies, for the purposes of Spanish interests, "a certain renunciation of the claim to sovereignty."
The Minister of Foreign Affairs, Arancha González Laya, denies these extremes, assuring that the agreement includes a clause that "preserves the position of Spain" in its historical demand and adds that the treaty aims to protect Spanish financial interests, suppress tax fraud , avoid the use of companies subject to the Gibraltar tax regime by tax residents in Spain and resolve conflicts of tax residence of natural persons.
On the contrary, the first opposition party stresses that Spain "does not gain anything" with this Treaty since the application and interpretation of all the norms contained in the agreement remains in the hands of a joint coordination committee, as established the Article 5 of the Convention itself, which does not provide third - party arbitration or international organizations. In addition, the popular assumes that in the aforementioned committee the positions of the United Kingdom will be filled by Gibraltarian authorities never recognized as sovereign by Spain.
In short, the popular maintain that the treaty is essentially detrimental to national interests because "it gives Gibraltar status as a subject of bilateral negotiation at the same level as the Spanish Government. And this, they add, will be verified as soon as the coordination committee is formed. and London decides that the "interlocutor subject" in it are the representatives of Gibraltar.
To this they add that Spain "loses legitimacy" for future claims of all kinds on the status of the tax haven of the Rock and "all the efforts that have historically been made by all the Spanish governments to challenge the situation of the colony are ruined" . The PP insists that this treaty "accepts Gibraltar tax doping" since, far from tackling the tax incentives offered by its territory, it implicitly recognizes a tax regime that both Spain and the European institutions have considered "harmful" to competition .
Gibraltar has a Corporation Tax that only taxes at a rate of 10% the benefits derived from activities carried out in its territory and exempts from taxation those derived from activities carried out outside it.
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