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Daily Life In Gibraltar on 22 July 2019 before the Brexit. Gibraltar is a British territory located on a small peninsula on the southern tip of the Iberian Peninsula, bordering only Spain, a country that claims sovereignty.Protected as a territory of the European Community, while exempted from VAT and outside the customs union, developed a tax legislation that turned it into an active off-shore financial center, considered a tax haven due to its advantageous conditions fiscal. (Photo by Alvaro Fuente/NurPhoto via Getty Images)

Daily Life In Gibraltar on 22 July 2019 before the Brexit. Gibraltar is a British territory located on a small peninsula on the southern tip of the Iberian Peninsula, bordering only Spain, a country that claims sovereignty.Protected as a territory of the European Community, while exempted from VAT and outside the customs union, developed a tax legislation that turned it into an active off-shore financial center, considered a tax haven due to its advantageous conditions fiscal. (Photo by Alvaro Fuente/NurPhoto via Getty Images)