Market leading insight for tax experts
View online issue

Gibraltar resists EU over Brexit

printer Mail

Spain would like to see a ‘soft’ Brexit with few changes to its relationship with the UK, but is seeking a change in its relationship with Gibraltar, according to a document leaked to the Spanish newspaper, El País. Gibraltar ‘has developed its own regime, which is extremely permissive in relation to tax, customs and business creation, which in practice has turned it into a tax haven,’ the Spanish government is reported to have said.

‘Gibraltar is a fully self-governing and fully self-financing British overseas territory. UK authority is restricted,’ said James Tipping, finance center director of the Gibraltar government. Tipping told members of the European Parliament on 9 May that Gibraltar is ‘resigned’ to accepting a ‘hard Brexit’, with restrictions on free access to the single market, rather than compromising on EU demands for changes to its tax system.

Issue: 1353
Categories: News