The fiscal harmonization of wealth taxation It is one of the proposals included by the commission of experts created by the Treasury, which delivered this Thursday its white paper for tax reform to the head of the ministry, Maria Jesus Monterowho has ruled out applying measures “immediately”, especially in the current context of the Russian invasion of Ukraine.
These proposals affect the taxes levied on wealth and inheritance, as reported by EL PERIÓDICO. The group of experts is in favor of keeping them, raise the exempt minimumincrease the base and smooth the scale of the lien .
“The drift of recent years has caused downward competition and has emptied these taxes of content, something similar to what happens at European level with that of companies,” said the president of the expert commission, Jesús Ruiz- Vegetable plot. “The Government must study the maintenance of minimum limits of the effective tax, with maintenance of autonomy and normative competences on the rise and fall”, he explained.
In recent years, competition in these taxes has increased, which has led, for example, in Madrid not to pay the wealth tax, which makes it an attractive territory for fortunes, while in other communities pay a high charge. And the same thing happens with inheritances and donations.
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The white paper, which has more than 700 pages prepared after more than 10 months of meetings, analyzes the entire tax system, but the document places special emphasis on environmental taxation, corporate tax, taxation of the digitized economy and taxation in emerging economic activities, as well as the harmonization of wealth taxation.
One of the proposals is modernize corporate taxation and adapt it to comply with international agreements and European directives.