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Revenue gains from the implementation of a historic agreement to reform the international tax system will be higher than previously expected, according to new OECD analysis released past 18 January 2023. Digitalisation and globalisation The two-pillar solution to address the tax challenges arising from the digitalisation and globalisation of the economy will lead to additional […]
According to International Monetary Fund (IMF) Global economic prospects have been severely set back, largely because of Russia’s invasion of Ukraine. This crisis unfolds even as the global economy has not yet fully recovered from the pandemic. Even before the war, inflation in many countries had been rising due to supply-demand imbalances and policy support […]
Quarterly National Accounts of Spain: main aggregates. Fourth quarter of 2021. Results in the context of the COVID-19 crisis. Figures released by the National Statistics Institute (Instituto Nacional de Estadística, INE). Main figures. Spanish economy The Spanish GDP registered a variation of 2.2% in the fourth quarter of 2021 compared to the previous quarter. This […]
A business model that is legal in other countries, but which in Spain clearly borders on the limits of the illegal transfer of workers, are the so-called PEO companies. So-called PEOs (professional employer organizations) offer a pool of services, including the provision of workers for foreign companies. Specifically, a situation that is starting to occur […]
SincroGO continues to win awards and recognitions. This time, we have achieved three outstanding recognitions in the ADP “Partner Executive Convention 2021”. Specifically, the distinctions “Security”, “Resiliency” and “Collaboration” Security This prestigious award recognizes partners who have met the highest performance indicator, without a single security incident over the last 24 months. According to ADP […]
Spanish exports set a new record for another month. The latest declared trade data from Customs show that Spanish exports of goods grew by 21.1% from January to October 2021 compared to the same period last year and reached €258.682bn, an all-time high for this period. For the Secretary of State for Trade, Xiana Méndez, […]
The European Central Bank (ECB) has just published the results of its economy-wide climate stress test. The exercise tested the impact of climate change on more than four million firms worldwide and 1,600 euro area banks under three different climate policy scenarios. The results show that firms and banks clearly benefit from adopting green policies […]
Post Covid19: The global economy is growing far more strongly than anticipated a year ago but the recovery remains uneven, exposing both advanced and emerging markets to a range of risks, according to the OECD’s latest Interim Economic Outlook. Economic impact of Covid19 vaccine The OECD says extraordinary support from governments and central banks helped […]
ICEX-Spain Trade and Investment has once again published its regular Annual Report. It is a document in which ICEX shows its lines of action during 2020 and which has great strategic value for the entities, organizations, associations, and companies with which it works. Chapter 5 is dedicated to Foreign Investment Attraction Services, for which the […]
The Government of Spain welcomes the decision to suspend, for a period of five years, all tariffs imposed between the United States (US) and the European Union (EU) in the context of the World Trade Organisation (WTO) disputes in the large civil aircraft sector, as announced by the European Commission (EC) during the EU-US Summit. […]
Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.