Pamplona, June 16 (EFE) .- The secretary of State for Finance, Miguel Ferre, in Pamplona today warned that “any measure” that may arise in new fiscal councils and regional administrations, “inevitably” must abide by the compliance of the Organic Law of Budgetary Stability.
This was stressed in remarks to reporters before attending a conference on tax reforms, where asked about possible changes in this area may be taken by governments emerging from the recent elections, Ferre has been forceful in appealing to “a set of rules already in force”.
The Law Budget Stability “linked not only to policy makers but also to officials of the local authorities, the municipal auditor” and other charges, has been said to note that these may not authorize expenditures “that go beyond what makes that picture” it’s the law.
It has argued that “just” budgetary stability “one of the elements that has helped to overcome the crisis”, after changed for it even the Spanish Constitution in 2011, and function is to “try to ensure in the medium-term public finances of all, whether municipalities, regional governments or central, are sustainable over time.”
In his speech was convinced that tax reform launched by the government, “which affects taxes paid by companies, but also the people” will “an injection of liquidity for many families and will be a lever for economic activity is reactivated “.
The Secretary of State has defended the momentum in the fight against fraud, and has opted for greater coordination with tax administrations of other countries, which has advanced that multinational companies” have to be more transparent to the Treasury. “
The draft Corporate Income Tax Regulation, to be adopted shortly, is that companies with a turnover exceeding 750 million euros business shall report on the allocation disaggregated world of their income, economic activity and taxes paid in each country, all with a common model for all tax administrations
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