Spain Fights Tax Fraud

April 13, 2012 by Douglas A. McIntyre

Bloomberg reports that Spain will increase its fight against tax fraud as it desperately tries to prove to global capital markets investors who have abandoned its bonds. This abandonment has cause sharply higher and unsustainable borrowing costs. Bloomberg writes “Limits on using cash and rules to make taxpayers declare foreign bank accounts will be approved in today’s Cabinet meeting”

Althought tax collection has been a problem in most financially troubled southern European nations, the use of “get tough” plans as a way to sell deficit reduction is agressive. Prime Minister Mariano Rajoy must see that his programs for austerity measures have not convinced investors who believe that his nation’s GDP will continue to fall. So, he has combined that austerity with a tax crack down. At least he has something new to peddle to financiers.

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.