Categories: Finance News Spain

Spanish Treasury names taxpayers who together owe more than €14 billion

A TOTAL of 4,028 Spanish taxpayers owe more than €14.1 billion, according to the Tax Agency which found there were 6.7 per cent less debtors than last year.

Tax Agency figures showed the total amount owed to the Treasury was 7.8 per cent less than last year. It comes as the agency published its list of debtors who owe more than €1 million following tax returns for the last financial year.

Companies linked to the construction and property sectors were among the individuals, entities and firms with the highest outstanding debts.

Many of those companies were left with hefty tax bills after earnings were hit following the property market crash in the wake of the 2008 financial crisis.

Reyel Urbis owed the Treasury €353.2 million after paying off around €8 million over the previous year.

Martinsa-Fadesa, who’s folding led to the biggest bankruptcy case in Spain at the time, still owes €50.3 million.

Figures on the list included Rodrigo Rato, former deputy prime minister to Jose Maria Aznar.

Rato owes more than €1 million to the Treasury and is currently in prison for his part in the ‘Black’ corruption scandal.

Nueva Rumasa, one of the firms owned by the Ruiz Mateos family of tycoons, owes €8.9 million. Former Real Madrid President Lorenzo Sanz owes about €1.35 million.

Two subsidiaries of the Andalucia-based Abengoa Group, Abengoa Abenewco and Abengoa Energia, owe more than €2 million and €1.1 million respectively.

Footballer Daniel Alves and artist Miguel Bose were among those who cleared their debts as of this year.