In full debate after the announcements of tax reduction both in Andalusia and Murcia, the Business Confederation of the Valencian Community (CEV) has announced today that it will request a 100% bonus in the Wealth Tax, " following the trend that is being minted in other autonomous communities".
Thus, the Valencian employers' association gives support to the proposal that other communities, such as Madrid, already apply. They assure that the objective is "to maintain the tax residence of the highest income taxpayers, as well as to attract talent and wealth from other economic enclaves."
It is the first measure that the CEV will defend at the table where the unions and Consell sit, to which they will come with a series of fiscal measures to which their executive committee has given the go-ahead today.
They explain that the proposal focuses on "lightening the tax bill of economic agents, who must continue to generate economic activity and employment"; equate the tax burden to that in force in other economic enclaves in Spain and its surroundings, to reduce burdens on competitiveness; and advance in legal certainty and predictability, to reduce uncertainty and encourage private investment".
In addition, they will request the elimination of the Tax on Economic Activities because, they point out, this tax "is obsolete within the framework of modern taxation and taxes the mere exercise of economic and business activity, without taking into account the result of it."
In full inflation, the employers also ask to deflate the regional rate in personal income tax, as well as modify the regional deductions for the acquisition and rehabilitation of housing, improvement of quality, sustainability and accessibility of housing in this tax; extend the reduction of the tax base from 95% to 99% to all family businesses, regardless of their turnover in order "not to penalize the transfer of the family business and with it, its continuity". Finally, the proposal is completed with the extension to group III of kinship the tax advantages for the transmission mortis causa.
In the Valencian Community, the debate has been on the table of the Consell since the president of the Generalitat Valenciana announced at the beginning of September a tax reform that he defined as "adapted to this time of inflation to help the middle and working classes, to protect more the vulnerable population and to promote job creation".
On the other hand, the CEV has also decided to support the candidacy presented by Antonio Garamendi to revalidate his presidency in the CEOE for the next four years. In the words of Salvador Navarro, president of the CEV, "the firm defense of business interests and the great capacity for dialogue demonstrated by Antonio Garamendi since he has chaired the CEOE make him the best candidate to renew the position."
With the explicit support of Garamendi, Navarro has also confirmed that the CEV will maintain its 30 members in the Spanish business association.
