PwC Tax & Legal has hired Salvador Miranda, a renowned expert in the Canary Islands' Economic and Tax Regime (REF), to strengthen its tax advisory team in the archipelago. This strategic move aligns with the firm's goal of consolidating its presence throughout the country, where it already operates 19 offices offering comprehensive services to its clients.
Salvador Miranda Calderín, who chairs the REF Chair at the University of Las Palmas de Gran Canaria, joins PwC as of counsel in the tax department. With a career spanning more than 30 years, Miranda is a lawyer, economist, auditor, and PhD in History, specializing in the Canary Islands Investment Reserve (RIC). His experience combines professional consulting with teaching and academic research, reinforcing PwC's technical and strategic focus in the region.
Miranda considers the idea of including workers in the REF (Reduced Income Tax) with reduced taxation viable, as long as the models of regions such as Ceuta and Melilla are avoided. He insists that a 60% tax reduction is unviable for the Canary Islands, given the economic and social differences between these areas. Regarding the Canary Islands Investment Reserve (RIC), Miranda supports the idea of allowing it to materialize in rental housing. He explains that landlords do not rent due to the lack of a legal regime that protects them, while builders face excessive bureaucratic procedures to develop social housing. Finally, he urges a rethinking of the current system, proposing facilitating the construction and rental of conventional housing as a solution to reactivate the market and address the population's housing needs.
Nationally, PwC Tax & Legal has more than 1.000 professionals across its 19 offices, specializing in key areas such as taxation, legal services, NewLaw, and people and organizational management. Miranda's addition underscores the firm's commitment to developing solutions tailored to the specific needs of the Canary Islands and its unique tax environment.
