Ayuso announces a new law so that Madrid directly collects the tax on large fortunes

The president of the Community of Madrid has announced the application of "immediate measures" once the Constitutional Court's endorsement of the large fortunes that invalidated the appeal filed by the Madrid Administration became known this Tuesday.

Oliver Thansan
Oliver Thansan
06 November 2023 Monday 15:23
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Ayuso announces a new law so that Madrid directly collects the tax on large fortunes

The president of the Community of Madrid has announced the application of "immediate measures" once the Constitutional Court's endorsement of the large fortunes that invalidated the appeal filed by the Madrid Administration became known this Tuesday. And these will go through the urgent processing of a new law so that Madrid collects that tax directly.

"We trusted that it would prosper as it has happened in other countries," said Isabel Díaz Ayuso, who recalled that "where it has been applied it has caused enormous damage" (...) "But as it attacks the fiscal autonomy of Madrid, we will continue defending it," he pointed out after the inauguration of the exhibition The Berlin Wall; A world divided.

"We are not going to stand still and what we are going to do is urgently process a legislative reform that we will take to the Madrid Assembly and that will allow us to collect all that tax so that it stays in the Madrid coffers," he added.

Ayuso has expressed his surprise at the fact that "some autonomous communities are given so much independence to do whatever they want and that Madrid cannot do its own thing with its own taxation." "In addition, it is a tax that 90% is collected in Madrid. Therefore, it goes against the wealth and work and effort of the Madrid taxpayer," argued the regional president at the exit of the Canal Foundation where the work is exhibited. about the fall of the Berlin Wall.