Rajoy will find on the table in Moncloa a report from

Dołączył: 11 Mar 2024 Posty: 1

VAT to 20%. He must do it before March to meet the deficit The increase in taxes, and specifically VAT, is once again sounding strongly as one of the measures to achieve the fiscal consolidation objectives to which Spain is obliged. Upon his arrival at La Moncloa, Mariano Rajoy will find a report from the Tax Agency that proposes an increase in VAT to 20% before March.As El Confidencial Digital has learned , from sources close to the PP leadership, Rajoy has already begun to receive documentation from the acting Government on the state of public accounts. And from the outgoing economic team - Zapatero's - the message that the new president has received has been clear: Spain is in a technical recession, with zero GDP growth in the third quarter and a worrying collapse in income. If we add to this that it is necessary to meet the 4.4% deficit target in 2012 demanded by Brussels – after failing to meet it this year – the picture becomes even more complicated.

Notice from the Tax Agency to Moncloa Well then. According to the sources consulted by ECD , the Tax Agency has been working in recent weeks on a document to balance the public accounts for the next year. It has already sent its conclusions to the Moncloa Economic Office, and among them includes an increase in VAT to 20%. The document will be delivered to Mariano Rajoy once he lands at the presidential complex, along with another package of measures to contain UK Mobile Number List the deficit. And the pressure to raise VAT is increasing among economists and businessmen close to the PP. The increase must be approved before March , once the Government takes office, carefully analyzes the State accounts and prepares the Budgets for 2012 in the first quarter so that they come into force in the middle of the year. Brussels pressures The tax increase is one of the measures that all States in difficulty have carried out to clean up their accounts.

The three rescued countries have done so, Greece, Ireland and Portugal, as well as Italy, in the eye of the hurricane like Spain. In the Spanish case, pressure from Brussels is already occurring. There was a first warning in June from the EU to Vice President Salgado, which was then ignored by the Zapatero Government. At this time, European authorities remember that Spanish VAT is among the lowest in the eurozone . That is to say, there is still room to raise it and thus meet the deficit objectives required for next year. The average VAT in Europe stands at 20.8 percent. The Spanish tax is, therefore, three points lower, at 18%, after the Government raised it by 2 points in July of last year. The maximum is that of Denmark, at 25 percent, and the minimum, that of Luxembourg, at 15. Increases in tobacco, alcohol and gasoline Other increases, such as that of special taxes (tobacco, alcohol and gasoline), also appear in the report sent to the Presidency of the Government.

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