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It's illegal according to European Union law so this is just one more lie by Prime Minister Pedro Sanchez. https://www.vozpopuli.com/economia/el-castigo-fiscal

• JumpCrisscross 2y ago
  > It's illegal according to European Union law Is this firmly established or contended? Article 63 of the Treaty of Lisbon [1] bans "all restrictions on the movement of capital between Member States and between Member States and third countries" [2]. To define "movement of capital," we must look to Annex I to Council Directive 88/361/EEC of 24 June 1988 [3]. It says "purchases of buildings and land and the construction of buildings by private persons for gain or personal use," including explicitly "investments in real estate on national territory by non-residents" counts. Looks clear cut! That said, there appears to be a long history of challenging what constitutes a "restriction," because EU. [1] https://en.wikipedia.org/wiki/Treaty_on_the_Functioning_of_the_European_Union https://en.wikipedia.org/wiki/Treaty_on_the_Functioning_of_t... [2] https://blogs.kcl.ac.uk/kslreuropeanlawblog/?tag=article-63-tfeu https://blogs.kcl.ac.uk/kslreuropeanlawblog/?tag=article-63-... [3] https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:31988L0361 https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELE...
  • zxspectrum1982 2y ago
    It is firmly established. Read the article I linked.