The Economic Agreement with the Basque Provinces and the Royal Order of the Ministry of Finance of September 1, 1921

The Economic Agreement with the Basque Provinces and the Royal Order of the Ministry of Finance of September 1, 1921

Opinion issued in law on the disagreement that arose between the Ministry and the Provincial Councils

Antonio Goicoechea

The laws of April 29, 1920 introduced several reforms into the tax regime, establishing some new taxes, among them, the one that was later included in the second concept of the 2nd rate of article 4 of the law regulating profits tax. of movable wealth, text recast on the following October 19. Said provision, literally copied, reads as follows in its pertinent part: The shares of the partners, as such, in the profits of any Company, Societies or Associations that obtain profit will be paid... "at the corresponding rate of the following scale." and in particular the dividends on the shares of the limited companies and those limited by shares; the amounts received on account of the corporate profits by the general partners and the limited partners when the limited company is not represented by those titles, and those of the others. Liability Companies".