By Evan Abrams
The European Court of Justice has ruled that Spain may not
charge a higher inheritance tax to non-residents. The country had been
operating under a bifurcated system where a variety of exemptions available
only to Spanish residents left a yawning gap in the effective tax rate. The
court explained that such a system undermines the spirit and goals of an
economically integrated European Union. The Telegraph
reports that foreign residents will be able to apply for a reimbursement, but
notes they may have to wrangle with the Spanish government before they actually
receive a payment.
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