Over 70 per cent of tax fraud is committed by big companies and multi-millionaires, says Hacienda
Sunday, July 21, 2013 @ 9:45 PM
MOST tax fraud in Spain – 71 per cent in total – is by large companies and people with extreme wealth, according to the fiscal authority, Hacienda.
President of GESTHA - Hacienda's technical department – Carlos Cruzado, says it is 'an error' to blame the average self-employed sole trader or small business for the majority of tax evasion.
According to Cruzado, where self-employed persons avoid tax, it is usually by not invoicing certain minor jobs, and small businesses tend to offset personal expenses against their business tax, but it is the large companies and people with multi-millions are the ones who consciously carry out large-scale fraud and corruption, such as the infamous Nóos case involving the King's son-in-law Iñaki Urdangarín.
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