Post by account_disabled on Mar 12, 2024 0:51:23 GMT -5
“The problem is that we have a very high debt. This means that taxes cannot be lowered in a crazy way . In addition, we once again enter within the fiscal rules of the EU and we must have a deficit that does not exceed 3% and now it is at 5%. We already saw that the British Prime Minister lasted 40 days because she announced wild tax cuts that could not be maintained due to the public spending forecasts that were in place,” says this lawyer.
In this context, “we should cut public spending Email Data or, in the worst case, consolidate some of the temporary taxes over time. But the logical thing would be to bet on intelligent taxation where we eliminate low-income taxes that now block investments in Spain and focus on the large taxes that raise more, with some lowering of rates that would boost our economy."
Regarding these removable taxes, this lawyer speaks of “small taxes that collect hardly anything, such as the tax on large fortunes that prevent new residents or new investments from entering Spain, as is the case of the tax on digital services, better known such as the Google Rate or financial transmissions.”
Gracia remembers that “years ago, our Government lowered taxes when it saw that the situation was not sustainable . This was done with the tax on energy production and, more recently, with the VAT on retail consumption of electricity.”
A career focused on taxation
Throughout his extensive professional career, Eduardo Gracia has seen the evolution of the tax advisor who, from being a professional dedicated to specific issues, as tax regulations and obligations for taxpayers became more complicated, more solid legal structures were created. “Now, tax practice is key in any law firm due to its transversality in the business world .”
In this context, “we should cut public spending Email Data or, in the worst case, consolidate some of the temporary taxes over time. But the logical thing would be to bet on intelligent taxation where we eliminate low-income taxes that now block investments in Spain and focus on the large taxes that raise more, with some lowering of rates that would boost our economy."
Regarding these removable taxes, this lawyer speaks of “small taxes that collect hardly anything, such as the tax on large fortunes that prevent new residents or new investments from entering Spain, as is the case of the tax on digital services, better known such as the Google Rate or financial transmissions.”
Gracia remembers that “years ago, our Government lowered taxes when it saw that the situation was not sustainable . This was done with the tax on energy production and, more recently, with the VAT on retail consumption of electricity.”
A career focused on taxation
Throughout his extensive professional career, Eduardo Gracia has seen the evolution of the tax advisor who, from being a professional dedicated to specific issues, as tax regulations and obligations for taxpayers became more complicated, more solid legal structures were created. “Now, tax practice is key in any law firm due to its transversality in the business world .”