Feijóo believes that the tax on large fortunes will relocate investments outside of Spain

The president of the PP, Alberto Núñez Feijóo, warned this morning in Cáceres that "when we send a message" to the wealthy who raise taxes "we are pushing investments to the other side" in reference to Portugal.

NewsEditor
NewsEditor
03 October 2022 Monday 07:48
7 Reads
Feijóo believes that the tax on large fortunes will relocate investments outside of Spain

The president of the PP, Alberto Núñez Feijóo, warned this morning in Cáceres that "when we send a message" to the wealthy who raise taxes "we are pushing investments to the other side" in reference to Portugal. With this warning launched from Cáceres at the XXV Congress of the Family Business Institute (IEF), the politician wanted to exemplify the risks that -in his opinion- the central government's strategy of harmonizing the wealth tax through the back door has through the creation of a tax on large fortunes.

Feijóo was also especially critical of the fact that the Government's tax reduction will not take effect this year and will be postponed until 2023. He has also considered the fact that the limit for the personal income tax reduction will be 21,000 as a mistake since that means those with incomes above that amount are considered "rich."

In his opinion, Feijóo has insisted that the tax reform proposal of the Minister of Finance, María Jesús Montero, is a "mistake", which shows that "ideology" has taken precedence over "reality".

In a speech full of winks to the businessmen present, the leader of the PP has "there is no growth without economic activity". Feijóo has accused the Government of Pedro Sánchez "pointing to companies" with "name and surname in some cases" so that they pay more taxes.

Earlier in a colloquium, the president of KPMG in Spain, Juanjo Cano, asked that entrepreneurs not be demonized because their vocation is to grow, create jobs and generate value. “It is useless to set ourselves objectives at the social and economic level of growth, competitiveness, sustainable and digital transformation if we do not have prepared people,” he added.

Comments

Warning!

You have to login for comment. If you are not a member? Register now.

Login Sign Up