HISTORIC RULING AGAINST SPANISH TAX AGENCY: THE CJEU CONSIDERS MODEL 720 AS “DISPROPORTIONATE”.
The Court of Justice of the European Union (CJEU) has declared illegal the regulation of the Model 720, which obliges taxpayers to declare assets abroad that exceed the amount of €50,000. The CJEU understands that, despite being a purely informative model, there are several legal issues that call it into question, which are as follows:…