In a July 2 report, Deloitte analyzes significant corporate tax proposals in a tax reform package released by the Spanish government on June 20.
The corporate tax reforms include a reduction in corporate tax rates for 2015 and 2016; new anti-hybrid rules; changes to controlled foreign company rules; loss of deductions for intragroup profit participating loan interest; modifications to net operating loss carryforward rules, and changes to transfer pricing definitions, documentation, and valuation method hierarchies, writes Deloitte. For more details, see Deloitte.
