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The Minister of Finance specifies that the property tax will be “temporary”.

Special situations require special measures. This is the prism through which the socialist wing of the government focuses on the economic measures it wants to implement to tackle inflation and the social side effects of the war in Ukraine. That’s why Pedro Sánchez has given new taxes on banks and energy companies temporary status, and is working toward the same goals for the large estate he opened the door to after ruling it out just three months ago.

“We are working on a temporary idea,” Finance Minister María Jesus Montero explained in the corridors of Congress: “Hopefully these circumstances will improve, Putin will leave Ukraine and we can return to normalcy.” “The situation will show whether it will be necessary to continue it,” he added number two of PSOE. The intention is that the new tax on the wealthy will take effect on January 1, 2023. “This will be related to the implementation of all tax obligations from January 1,” said Montero, who was not involved in any way. General state budget.

The coalition’s program agreement generally imposes a tax on the wealthy. “The taxation of large properties will be studied so that they contribute to a fairer and more progressive tax system,” said the document signed in 2019 by Sánchez and Pablo Iglesias. However, the idea behind United We Can is that it has a structural character. Another demand of the minority shareholders, and in this case specified in the agreement, is an increase in personal income tax for those who earn the most: income above 130,000 euros is two tax points on the common basis of taxpayers. and four points for the part that exceeds 300,000 euros. “The state rate on capital gains will increase by 4 percentage points for incomes above 140,000 euros,” the text reads.

The socialist wing of the executive opened up a tax on the great wealth at a time when the fiscal debate was reopened by Andalusian President Juan Manuel Moreno’s decision to abolish inheritance. Leftist forces have accused this movement and the unfair competition it causes between communities, as it has been in the case of Madrid.

“I think it is extremely irresponsible of the autonomous communities that constantly ask the central government for more money to refuse collections within their jurisdiction, and that they decide to do this to 0.2% of citizens, to the detriment of about 99%.” “, Montero said after Murcia proposed to join the regions that reduce the inheritance tax. “In Andalusia, the collection of 120 million will be rejected in a society that has the lowest health and education costs,” said the minister before the end of the work: “It is difficult to admit that we citizens are doing so badly in a crisis. that large estates are protected”.

Source: El Diario



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