Government may decide to lower corporate tax rate
Agency chief defends last year’s fiscal amnesty, which only brought in half of what was targeted
The overhaul of Spain's fiscal system being planned by the Finance Ministry could include a cut in the general corporate tax rate, which currently stands at 30 percent for large companies, the general manager for taxes of the Tax Agency, Diego Martín Abril, said Friday.
The reduction in the rate would compensate for the possible removal of a series of tax deductions and benefits, which are expected to amount to 38 billion euros next year, Martín Abril added.
The ministry has given a mandate to a group of experts on how to reform the tax system to make it more efficient. They are due to deliver their recommendations in February of next year.
Tax amnesty
Separately, the overall general manager of the Tax Agency, Santiago Menéndez, defended the tax amnesty introduced by the government last year, which brought in 1.3 billion euros, half of what was targeted.
Menéndez said the amnesty uncovered 40 billion euros in previously undeclared assets. "Could you have managed to get that amount to surface with more resources at the Agency? No, and those who say otherwise either don't know how exchange of information systems work or are lying," he said.
Those declaring previously hidden assets paid a charge of only 10 percent on the value of the assets.
Tu suscripción se está usando en otro dispositivo
¿Quieres añadir otro usuario a tu suscripción?
Si continúas leyendo en este dispositivo, no se podrá leer en el otro.
FlechaTu suscripción se está usando en otro dispositivo y solo puedes acceder a EL PAÍS desde un dispositivo a la vez.
Si quieres compartir tu cuenta, cambia tu suscripción a la modalidad Premium, así podrás añadir otro usuario. Cada uno accederá con su propia cuenta de email, lo que os permitirá personalizar vuestra experiencia en EL PAÍS.
En el caso de no saber quién está usando tu cuenta, te recomendamos cambiar tu contraseña aquí.
Si decides continuar compartiendo tu cuenta, este mensaje se mostrará en tu dispositivo y en el de la otra persona que está usando tu cuenta de forma indefinida, afectando a tu experiencia de lectura. Puedes consultar aquí los términos y condiciones de la suscripción digital.
