MADRID Dec. 17 () –
On Tuesday afternoon, the Senate approved the Government’s tax reform, which included tax reductions at the request of the PP, which has the absolute majority in the Chamber, which can be supported in the Lower House by some of the Government partners.
Initially, at 9:15 p.m. on Tuesday, the Senate rejected the proposal to veto the tax reform that was formulated by the Vox senators, with the benches of the rest of the parliamentary groups voting against.
Next, the Chamber approved the tax text, with 259 votes in favor, 1 against and 3 abstentions. Thus, the law will return to the Plenary Session of Congress this week. The intention is for it to be voted on next Thursday, once its approval has been secured in the Upper House, given the refusal of the ‘popular’ to veto it.
In this way, it is now certain that the tax reform will end up in the Official State Gazette (BOE), since Congress will only decide whether to maintain or eliminate the amendments that the PP has introduced in the Senate, but will not vote on the law. as a whole.
The PP amendments seek to add new tax reductions and aid to young people already affected by DANA, and taking into account that PP and Junts have recently joined forces to eliminate the tax on the value of electricity production and both agree that they do not want more tax burdens, it is not ruled out that the formation of Carles Puigdemont or the PNV, also sometimes prone to tax cuts, may be encouraged to vote in favor of some Senate amendments and distance themselves from the coalition government.
THAT THE BANK TAX BE ALLOCATED TO MORTGAGE AID
Among these amendments, which were introduced in the presentation phase, it is worth noting that the PP has introduced a modification so that the reduction in Corporate Tax for SMEs that the PSOE agreed with Junts and that it introduced in Congress is done automatically from 2025. and not over three years as it is written now.
Another amendment seeks to redirect 3,000 million collected with the banking tax to mortgage aid or to build affordable housing that allows young people to access a house.
Added to this are personal income tax exemptions for young people between 18 and 35 years old for four years so that they can use it for housing, training, birth or entrepreneurship. The PP estimates that this measure has a cost of around 2.1 billion and an average benefit for young people of between 10,000 and 12,000 euros.
AID TO THE DANA, EXEMPT FROM TAXES
The ‘popular’ have introduced amendments to exempt aid to those affected by DANA from personal income tax and the donation tax, as well as a 0% VAT for the change of vehicle and the repair of the house and the extension to 2025 of the IBI and IAE exemption.
With these measures, the PP claims that it intends to carry out its objective of protecting Spaniards from a “tax blow” of 8.7 billion euros, the result of Sánchez’s “tax voracity.” “We appeal to the common sense of the rest of the parliamentary groups to think about the good of the citizens and not about their own partisan interests and that of President Sánchez,” say PP sources.
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