Andalusia denounces that the tax on the rich scares taxpayers: "What do I have to do to go to Portugal?"

"When we eliminated the wealth tax, there were many calls to tax advisors to find out what had to be done to pay taxes in Andalusia. And when the tax on Great Fortunes became known, calls skyrocketed asking '

'. We're all going to lose out."

Manuel Vázquez Martín, Secretary General of Finance of the Junta de Andalucía, thus explains the effect that the so-called tax on the rich is going to generate and is already generating on taxpayers.

How he scares them away, according to what he has recounted

, and that this is going to have consequences for taxation as a whole beyond the tax itself.

Because according to the data handled by the Junta de Andalucía and the philosophy of its tax reduction, what is relevant about eliminating the Wealth tax is that it actually allows a very significant increase in personal income tax.

"With the tax losses, Andalusia

in personal income tax and personal income tax collection is growing more than before and also proportionally more than in the rest of Spain", he explained this Thursday during the conference that the Register of Economists of Advisors Prosecutors (REAF) of the Council of Economists organized in Cádiz.

"Before the modification, Patrimony contributed about 100 million and Inheritances and Donations, around 350 million. Now, with the drop, personal income tax

," he added.

That is, according to his figures, income tax gains have far exceeded the loss in the other two figures.

"The tax does not make sense"

The warning about the departure of taxpayers to Portugal has been verified by Javier Cabeza de Vaca González, dean of the College of Economists of Cádiz and also an economist in the Antonio Rosado office.

"

" with the abolition of the Heritage tax.

But now that disadvantageous situation occurs again, and not only in Andalusia with respect to Portugal but also in Spain with practically the entire EU.

Because as Cabeza de Vaca has pointed out, "

, at the present time, since it is a rarity within modern tax systems, and even less does the projected tax", in allusion to the Solidarity tax.

Seven affected communities

For his part, the president of the REAF, Agustín Fernández, has indicated that the new tax will affect seven communities, that is, not only the regions that have it totally or partially subsidized, such as

and, to from 2023, the

.

will also be affected since their maximum marginal is less than 3.5%.

According to the criteria of The Trust Project

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