Friday, October 21, 2016

Government and CUP negotiated on a battery of fiscal measures and set aside the discussion of income TAX – Investing.com Spain

Barcelona, 20 oct (.).- The Government of Catalonia and the group of Junts pel Yes negotiate with the CUP a battery of fiscal measures in order to increase the revenue of the government and to increase social spending, although the reform of the section regional income TAX has been, in principle, out of the debate.

Sources familiar with the negotiations have assured Efe that, for the moment, there is no measure that has been agreed, although support advances in the field of taxation with the CUP.

One of the options that is on the table, according to has advanced The Newspaper of Catalunya, is to recover the rate on sugar-sweetened beverages, a tax that the former CiU agreed with CKD at the end of 2012, and finally was dead.

however, it is a tax that would have a reduced scope of collection, as in 2013 it was estimated that it could raise around € 30 million.

Another possibility is the recovery of the tax on bank deposits, a formula that itself would allow to obtain a significant collection -in 2014, the Government estimates its revenue potential at around 670 million euros, but this tax was cancelled by the Constitutional Court (TC).

for months, the Government is studying the way to recover the tax and, while it insists on not giving up the battle for lost, admits that it is difficult to find a taxable event different from the State that allows it.

even Though the parties are discreet about the negotiations has also been raised on occasion the possibility of creating a tax on large fortunes if just disappearing the estate tax.

What is clear is that the government of catalonia included in the act accompanying the budget for 2017 the new version of the two taxes are disputed by the TC: the tax to nuclear, which the Government expected to contribute $ 60 million, and the large commercial establishments, which should raise about 15 million.

The new version of this final tax will include shopping centers, car dealerships and furniture stores, as well as the supermarkets and establishments of more than 1,300 square metres located outside of the urban fabric, which currently are exempt from the tax.

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