Family holidays, Rolex and luxury yachts on company expenses: How the rich evade tax

The wealthy in Spain often utilize aggressive tax planning techniques to minimize their tax liabilities or evade taxes, a practice that, while not always illegal, exploits loopholes.

In 2023, the Spanish Tax Agency recovered 502 million euros from almost 1,000 audits, underscoring the effectiveness of their monitoring of high-net-worth individuals.

The Tax Agency has created a living census of over 170,000 high earners, which includes companies, partners, artists, and athletes, to track potential tax evasion.

The establishment of the Central Unit for the Coordination of the Control of Relevant Patrimonies in 2018 has led to the recovery of 2.98 billion euros in tax evasion cases.

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