Executive summary
The Spanish Government announced on 13 October 2020 that the anti-tax evasion Bill would be presented to the Parliament for its approval. This Bill includes, among other measures, certain amendments to Spanish exit tax and the controlled foreign companies (CFC) rules with the aim of entirely aligning them with the European Union (EU) Anti-Tax Avoidance Directive (ATAD).
A draft of this Bill was first published for public consultation on 23 October 2018 (see EY Global Tax Alert, S…