Re: Re: British expats must declare overseas assets

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Chopera
Participant

@mark wrote:

We urge you to consider signing the petition to the European Parliament linked as follows:

http://www.gopetition.com/petitions/spains-asset-declaration-laws-en.html .

For more information, please visit http://www.spain1558.blogspot.com

As mentioned in the petition, my main gripe with this is that in the UK many people hold their pension funds as private investments while in Spain they depend on the state pension. So those from the UK with private pensions are considered “wealthy” and could be taxed as such (even though the UK state pension is rubbish) while Spaniards with no private pension funds because they receive a very generous state pension will not be taxed.