La Linea to be given special tax status covering insurance, financial and gaming sectors
This deal hopes to draw these companies to La Linea by offering unique tax advantages.
Nigel Feetham partner at Hassans International Law Firm said: “We may be seeing a new captive domicile in the making.”
“For that to happen, it was clear to me that La Linea needed to enjoy a special tax regime distinct from the rest of the Spanish mainland which has significantly higher corporate taxes than Malta.”
He continued: “While this is not going to happen overnight, the idea certainly appears to now be gaining new traction.”
11-07-19 PANORAMAdailyGIBRALTAR
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