Should Spanish companies defer taxes if owed more in VAT refunds?

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Jesús Alonso Gallo
Serial employee (x8), Serial entrepreneur (x4), Serial investor (x77). Mentor, Speaker. Daily newsletter.

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strongly agrees and says:

[This is] a clear example of what could be done if we want to favor Spain to be an ideal place for creating startups that can become big around the world. source Unverified

added 1y ago

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Tom Horsey
CoFounder of StartupLabs Spain/Malta

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strongly agrees and says:

Imagine you have a company to which the administration owes 100,000 euros in VAT, and you owe 40,000 euros to the Tax Agency and 9,000 euros to Social Security. In an efficient world, the public administration would allow you to continue operating, since it has more of your money than you owe them. Even more so if you are involved in a bankruptcy restructuring process in the courts. source Unverified

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