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The article presents an update on taxation in Spain. The Spanish government is taking efforts to prepare income tax reform and is expected enforcement on January 1, 2007. The Spanish Corporate Tax Act foresees deductions which would be of great help to Spanish and non-Spanish multi-national corporations. Requirements for a régimen de entidades de tenencia de valores extranjeros are enumerated.

This article describes Spain's tax-efficient measures for inbound investments and holding company activities in 2005. The Spanish inbound managers' special tax regime came into force on January 1, 2004, but could not be applied until a recent resolution approved it in June 2005. The first main condition to apply this regime is to be tax resident in Spain. Moreover, to apply this regime, certain requirements should be met, including the migration to Spain which must be because of an employment contract.

Discusses the tax system measures for inbound investments and holding activities in Spain in 2004. Advantages of the Spanish holding company regime to Spanish and non-Spanish corporations; Requirements for the application of corporations in the Spanish holding company regime; Tax benefits of preference share by financial institutions.

Focuses on tax planning possibilities in Spain in 2003. Introduction of the Spanish holding company regime; Details of the amortization of goodwill; Information on tax credits for export activities in the country; Improvement of the Spanish double taxation treaties network.

Gives advice on proper tax planning in the structuring of merger and acquisition (M&A) deals in Latin America. Reasons for the difficulty of achieving proper balance in M&A deals; Information on the tax policies of Latin American countries; Withholding tax rates offered by Latin American countries.

Provides strategies of proper tax planning in the structuring of mergers and acquisitions of companies in Latin America. Includes acquisition of assets rather than shares; Use of leasing as a financing alternative in the case of transactions that involve the importation of machinery and equipment.

Reports that careful structuring of shared service centers may result in tax and customs duty savings for multinational corporations with regional operations in Latin America. Significance of the centralization of functions in a so-called shared service center (SSC); Types of functions centralized in an SSC; Issues to be considered in selecting location for an SSC.