Yolanda Díaz proposes that the tax on large fortunes be "permanent"

The second vice president, Yolanda Díaz, has proposed that the tax on large fortunes be "permanent" and not temporary, as well as the creation of a Productivity Council in Spain, whose mission would be to promote reforms and take "effective measures" to improve the productivity in the country.

Oliver Thansan
Oliver Thansan
13 June 2023 Tuesday 16:25
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Yolanda Díaz proposes that the tax on large fortunes be "permanent"

The second vice president, Yolanda Díaz, has proposed that the tax on large fortunes be "permanent" and not temporary, as well as the creation of a Productivity Council in Spain, whose mission would be to promote reforms and take "effective measures" to improve the productivity in the country.

This was also indicated by the Minister of Labor and Social Economy during her speech at the conference for the 45th anniversary of Cinco Días, where she explained that it is "essential" to make a reform of public revenue that adapts to the new Spanish reality, to improve its progressivity and put an end to fiscal injustice.

"Whoever has more, must contribute more", has sentenced Díaz, who has also proposed a reform of the corporate tax, increase the progressivity in the income tax of individuals and innovate in alternative forms of taxation, in reference to the green and digital transition.

Regarding the Productivity Council, it would be made up of companies, unions, public administrations and the university, and should respond to a "huge problem" in Spain and a "structural ballast" of the economy "that we have been dragging along for four decades."

Spain is 25 points below the European average productivity and "it is essential to talk about it" because "it is the main factor of growth and wealth for the country", Díaz remarked, while also wanting to make it clear that "it is not only a figure, but it is an indispensable condition for the well-being of our country".

The Minister of Labor has made other proposals: one of them refers to the control of margins to respond to the inflation crisis and another that is based on a business reform, so that companies increase their size, have more participation of workers and are more committed to the green and digital transformation.

In summary, the second vice president has opted to move towards a "new economic common sense" and for this it is key to talk about proposals and tell the Spanish how we are going to "control inflation", how we are going to "make life easier". to small businesses and to "improve the lives of families", and to do so "hand in hand with social dialogue".

In this sense, he has lamented the attitude of parties like PSOE and PP and has stressed that this "is not the way to do politics in the 21st century."

Regarding the labor reform, he has thanked businessmen and unions for defending it against those "irresponsible politicians" who say they are going to repeal it and at this point at the request of the PP leader, Alberto Núñez Feijóo, that "if he wants to commit to his country, withdraw the appeal of unconstitutionality against a norm that is no longer discussed in any country in the world".

He has recalled many of the numbers achieved thanks to this labor reform, but has recognized that now it is time to do it in the public sector, where there is "an unacceptable temporary rate" that exceeds 31% and that is "unacceptable".

To finish, Díaz has referred to the situation of the State Company of Industrial Participations (SEPI), an organism that depends on the Ministry of Finance, something that has seemed "strange" and "strange".

I believe that this body has to be modernized, just as the large fifteen companies that belong to this body, such as Agencia EFE, Navantia and Correos, have to be modernized. "I think that old SEPI from the old 20th century has to be reformulated", he concluded. EFE