Fomento calls on the government to correct the impact of inflation on personal income tax

by time news

Work Promotion asks the Government deflate personal income tax to prevent the current widespread escalation of prices from having a double impact on the purchasing power of workers and skyrocketing labor costs for companies. The president of the employer, Josep Sánchez Llibre, has stated that not keeping pace with the evolution of prices with the tax burden of employees would be “deceiving taxpayers”, as he stated at the general assembly of the entity held on Monday. The business leader has also insisted on his criticism of the urban policy of the mayor of Barcelona, There’s Colauwhose attitude he has defined as “authoritarian”, “arrogant”, “undemocratic” and “ideologically sectarian”.

Sánchez Llibre took advantage of the General Assembly for the Promotion of Labor to reiterate his message that in the current situation a “competitive tax ecosystem” is more necessary than ever. What does this mean? Eliminate the wealth tax – which he described as “confiscatory” -, “harmonize downwards” the inheritance and donation tax – in Madrid is 99% subsidized – and, in the short term, deflate income tax on salaries .

What is deflating personal income tax? Let the Administration sympathize with them tax levies at the present time of widespread price rise. That is to say, if a worker’s salary is increased, for example, by 3% and after this increase he jumps from a contribution section on the other hand, the Government applies the necessary reductions so that this does not become a ‘poisoned gift’ and the said increase ends up being consumed in taxes. “By deflating and returning the excess revenue to taxpayers via personal income tax, we would prevent the loss of purchasing power of wages,” said Sánchez Llibre. According to his calculations, during this first quarter Treasury has already collected 10 million euros additional inflation.

25% of industrial GDP in 2030

Less taxes and more industry. This is the binomial in which the demands of Fomento del Treball are currently moving. The aim of the employer is to revitalize the Catalan industrial fabric and for it to gain weight in the total GDP, so that by 2030 it will be 25% again. It is currently at 19% and down. Sánchez Llibre has been critical of the environmental restrictions imposed by both the central government and the government on the activity of the secondary sector and has considered that they should “rethink the industrial energy transition, so that it is fair, competitive and efficient”. he stated.

In this sense, the employers advocate feeding this industrial growth with more nuclear energy and North African gas. On the one hand, the business leader has called for extending the deadlines for the closure of nuclear power plants, from the current deadline of 2027 – “because we all know it can not be met,” he said – until 2035. In order to reduce Europe’s gas dependence on the Russian market, Sánchez Llibre has once again insisted on reactivating the gas pipeline project Midcatwhich would transport gas from North Africa to central Europe, through Catalonia and across the Pyrenees.

The Foment-Colau pulse continues

For years, relations between the historic Catalan employer and the mayor of Barcelona have been very bad and have not improved, as has been evident in this Monday’s speech by Sánchez Llibre. The President of Public Works has promised to remain “very proactive” in the fight against “the economic degrowth policy imposed by the force of Mrs. Ada Colau ». From the business entity are against the expansion of the superblocks to the detriment of private transport, as well as the freezing of licenses for new hotels or the opposition of the mayor to the expansion of the airport of El Prat , others.

You may also like

Leave a Comment