MONTERO MONTORO AGAINST FISCAL REFORM OR MINI
Given the impossibility of presenting a General Budget of the State (PGE) for 2020 because of the situation in the government functions, the Finance Ministry has sent the European Commission a draft which contained no major tax reforms, it's more, tinkering in the tax system are minimal.
five modifications proposed in
- Fuel tax.
- Financial Transaction Tax.
- Corporate tax.
How it looks, and even if there are changes in taxes above, the only thing new is the Financial Transactions Tax, also called Tasa Tobin. What it is everything?
Fuel tax, aims to equalize the cost of a liter of diesel to gasoline progressively. Specific, the tribute will mean a rise in 38 euros per thousand liters of diesel, resulting in revenue to public coffers 670 million euros over the next year.
According to the government, but has no environmental tax collection effort and will not affect farmers as carriers or taxation levied on commercial diesel and diesel will not suffer any variation bonus.
Another tax that the government intends to implement is known as'Tasa Tobin’, leviable with 0,2% the buying of Spanish shares carried out by operators in the financial sector, regardless of the residence of those involved or the place to be negotiated. The measure is expected to raise up 850 millions of euros, While banks could end up impacting the tax on the consumer. At present, stock exchange transactions are exempt as regards capital transfer of values in accordance with article 108 of the Law on the Stock Market
Stability Plan also includes an minimum effective rate for large companies of the 15% and the 18% for financial institutions. further, may apply one gravamen for dividends received abroad of the 5%, against the exemption from the 100% that exists today..
The government also plans to introduce a reduction of the nominal rate of corporation tax for companies that invoice less than one million euros, and go from the 25% al 23%.
Total, these measures are intended to achieve to 1.776 millions of euros, calculated in the Ministry of Finance.
The Government plans to raise a total of 328 millions of euros over the next year due to higher income tax on the highest incomes.
Current table types is:
The draft government collects a rise of two points for the higher rents 130.000 euros and two additional points, A total of four, for exceeding 300.000 euros. In this case the marginal tax rate would rise of the 22,5% al 24,5 Y 26,5%, respectively.
According to calculations by the union of technicians of Finance (Gestha), This increase would affect 121.550 persons Y, of them, the 8.400 Taxpayers with higher incomes of the country would have to pay a personal income tax 28.000 euros more than paid today.
By last, the document contains a the rise 1% at the rate applicable to higher assets to 10 millions of euros, with the aim that "contribute to a greater extent citizens that have greater assets", secure.
The Executive plans to raise a total 339 millions of euros with the same, although it is a tribute given to the autonomous communities, they can apply different bonuses or reductions, so this objective could not be achieved.
By the time the tax called Google does not appear.
 fuel taxes. In Spain, one absence, there are four taxes on fuels: First, VAT, located in the 21%. Second, the Taxes Special on Hydrocarbons, State-owned. … So for unleaded gasoline 97 octane or above the tax reaches 431,92 euros, O 0,432 EUR per liter.