• Recovery Plan The Government insists to the EU that it has room to raise the tax burden by 90,000 million and recognizes taxes that affect the middle and working class

"At the moment we have not decided and we as a government are more in favor of indirect taxes. Now, if Europe insists that there is abusive use and the group of experts points it out,

we will listen to it

." In this way, the Minister of Finance, María Jesús Montero, has left open today the possibility of eliminating the reduced and super-reduced rates of the Value Added Tax (VAT).

It would not be immediately or perhaps in its entirety. But the government spokesperson has also made it clear that Europe has pointed out, on numerous occasions, that Spain makes "an abusive use" of those rates of 4% and 10%. The Bank of Spain has also stated this on several occasions, and the chapter on tax benefits of the

Spendig Review

of the Independent Authority for Fiscal Responsibility (AIReF), which is the document that will guide the experts, clearly points this out.

"A

gradual review

is proposed,

accompanied by the recovery of the economy of the reduced VAT rates

to improve the distributive efficiency of the tax, in relation to those goods currently taxed at reduced rates that mainly consume high incomes", he specifically points out. the document of the organization directed by Cristina Herrero.

In that same text, the Tax Authority indicates that the measure has a cost of 17,786 million euros in terms of collection.

5,323 million correspond to the super-reduced rate, and the additional 12,463 million to the reduced rate.

"The evaluation highlights the distributional inefficiency when comparing the reduced rates with other spending policies more focused on specific groups or sectors and that manage to reduce inequality much more than the reduced rates using fewer public resources," says AIReF. It adds that, indeed, "the existence of a high proportion of expenses at reduced rates

explains the lower collection

of VAT in Spain compared to our European partners."

According to the criteria of The Trust Project

Know more

  • Taxes

Madrid Elections Ángel Gabilondo stresses that "he fully agrees with Vice President Nadia Calviño" and will not raise taxes

report of the institute of economic studies Madrid, a collection machine: income per inhabitant 63% more than the average of Spain with the lowest taxes

Income 2021 Employees in ERTE who charge between 14,000 and 18,000 euros will pay up to 200 euros more in the income statement

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