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Sumar raises tributes to the PSOE for large inheritances and on the margins of the food chain

The "smart" distribution tax would be 1.

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Sumar raises tributes to the PSOE for large inheritances and on the margins of the food chain

The "smart" distribution tax would be 1.2% on sales and would decrease as margins are reduced

MADRID, 26 Ene. (EUROPA PRESS) -

Sumar has proposed a battery of taxes to the PSOE within the framework of the negotiations of the next General State Budgets (PGE) for the year 2024. Among the proposals, one on large inheritances and another on the food chain stand out when they occur. "excessive" margins.

The idea of ​​the plurinational group is to expand and reinforce the tax on large fortunes that was approved during the last legislature and also extend it to large inheritances.

The formation led by Yolanda Díaz wants to avoid the "fiscal dumping" produced by the bonuses that some autonomous communities led by the PP may offer through the wealth tax.

In addition to this, the party wants a "smart" tax on the food production and distribution chain that only acts if the chain's profit margins continue to be above those of 2019.

Specifically, as Sumar explained to Europa Press, the tax would be 1.2% of the net turnover if the difference between business margins between 2024 and 2019 exceeds the difference between the margin between 2023 and 2019, the year before the pandemic. The tax would drop to 0.6% if the 2024 margin exceeds that of 2019 and would be canceled if the margin is even lower than the pre-pandemic period.

The tax would begin to accrue in 2024 and there would be an interim payment in February 2025, while the final settlement would be in July 2025. As explained by Sumar, the tax punishes abusive behavior by companies gradually and is canceled when The market works "competitively."

"Its beneficial effects would already operate in 2024, even if it is paid in 2025, since the level of the tax is determined by the business behavior of the current year," the training adds.

In addition to these tax proposals, the group has suggested an approximation of personal income tax between labor income and capital, the elimination of the VAT exemption for private university education, a reduction of this same tax for hairdressers and veterinary establishments and a "Super reduced" VAT on diapers and gluten-free products.