Spain's headline tax rates are among the highest in Europe. But Spain's effective rates, for those who plan correctly, are among the most competitive. The gap between the two is where most people go wrong. For example, Spain's headline corporate tax rate is 25% but the actual rate you pay depends almost entirely on how your business is structured. SMEs with turnover under €1m are looking at 21–22%. New companies pay 15% for their first two profitable years. If you're running