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“Taxes” on private insurance, Socimis and luxury products fail because they are excluded from tax reform

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“Taxes” on private insurance, Socimis and luxury products fail because they are excluded from tax reform

The reduction in exceptional rates applied to banks and energy companies is not the only chapter of the tax reform improvised by the government which failed this Monday in Congress. The agreement recently signed between the PSOE and Sumar is the one that has most aroused the discontent of the Finance Commission. Three pillars are left aside due to the majority rejection of political groups: the increase in taxes on private insurance, SOCIMI and luxury products.

It is not in vain that the party of Yolanda Díaz saw how key aspects of his proposal collapsed in front of the lower house wall. This is the case of the new rate which was to be imposed on luxury products or the modification of the tax regime of socimis (considered privileged by Sumar). As for the change in taxation of private health insurance, it also remains pending. The latter is a great success for Junts and especially for the PNV, given that the Jeltzale party has opposed from the beginning the repression of policies widely disseminated in the Basque Country.

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