Interested parties may submit their comments on the new income tax system in Gibraltar in respect of which the Commission is initiating the procedure laid down in Article 108(2) TFEU.
On 1 June 2012, the Commission received a complaint from the Spanish authorities concerning the new income tax system in Gibraltar, as introduced by the Income Tax Act 2010 (ITA 2010). According to Spain, this new system would grant a de facto selective advantage to the offshore sector, through the combined effect of the application of the territorial system and the tax exemption for passive income.
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