The warning is based on a new white paper, “Hacienda vs. The People,” which exposes how the Spanish Tax Authority (Hacienda) allegedly uses the Impatriate tax regime, known as the “Beckham Law,” as a predatory scheme, enticing foreign talent with guaranteed favourable tax treatment only to retroactively deny the certificates and impose massive tax demands. Furthermore, Amsterdam & Partners has sent a letter to the U.S. Department of Treasury expressing concern that Hacienda’s use of Chinese state-owned Huawei servers risks compromising U.S. taxpayer data shared by the Internal Revenue Service. The report highlights that this systemic extortion is driven by an unethical bonus system that rewards tax inspectors based on revenue collection and sanctions. Continue reading