In Spain, the parliamentary balance of power has changed significantly since the national elections – Hope for a stable government

The national elections of 28.04.2019 have changed the balance of power in the Spanish National Parliament (Congreso) significantly. The socialist PSOE of the incumbent Prime Minister Pedro Sánchez is now the strongest parliamentary group (28.7%), the leading conservative Partido Popular (PP) had to accept a crash and only receives 16.7% of the votes cast. New […]

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German federal government revises property tax reform

The property tax („Grundsteuer“) in Germany must be reformed by the legislator by the end of 2019, as the Federal Constitution court had declared the current legal regulation unconstitutional. The German tax authorities currently collect around 13.3 billion euros from property tax (2016). The taxation is based on the so-called unit values („Einheitswerte“) from the […]

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Spanish Federal Supreme Court (Tribunal Supremo) orders the demolition of two apartment buildings in Benidorm – 100 million loss expected

The Spanish Supreme Court (Tribunal Supremo) in Madrid has ordered the demolition of two apartment buildings in Benidorm. Benidorm is a well-known seaside resort on Spain’s Mediterranean coast with a large number of skyscrapers housing holiday apartments and hotels. The decision of the Tribunal Supremo shows the risks to which investors and owners of illegally […]

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