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Sunday, January 16

AIReF deflates Sánchez’s tax increase: 2,000 million less than expected will be paid

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SELECT wp_posts.*, MATCH (wp_posts.post_title,wp_posts.post_content) AGAINST ('AIReF deflates Sánchez\'s tax increase: 2,000 million less than expected paid Related news A week has passed since Government presented its draft General State Budgets. Beyond fact text achieves sufficient support Congress, its content has already been analyzed regulatory entities such Bank Spain, which have already been shown critical your content. Among them Independent Authority Fiscal Responsibility (AIReF). fact, entity chaired Cristina Herrero has largely deflated income forecasts Ministry Finance had projected tax increases. Executive forecasts additional collection between 2021 and 2022 6,085 million euros&hellip;') as score FROM wp_posts WHERE 1=1 AND ( wp_posts.post_date <= '2022-01-16 10:41:06' ) AND wp_posts.ID NOT IN (209479) AND wp_posts.post_type IN ('post', 'page') AND ((wp_posts.post_status = 'publish' OR wp_posts.post_status = 'inherit')) AND MATCH (wp_posts.post_title,wp_posts.post_content) AGAINST ('AIReF deflates Sánchez\'s tax increase: 2,000 million less than expected paid Related news A week has passed since Government presented its draft General State Budgets. Beyond fact text achieves sufficient support Congress, its content has already been analyzed regulatory entities such Bank Spain, which have already been shown critical your content. Among them Independent Authority Fiscal Responsibility (AIReF). fact, entity chaired Cristina Herrero has largely deflated income forecasts Ministry Finance had projected tax increases. Executive forecasts additional collection between 2021 and 2022 6,085 million euros&hellip;') ORDER BY score DESC LIMIT 0, 6


Related news

A week has passed since the Government presented its draft General State Budgets. Beyond the fact that the text achieves sufficient support in Congress, its content has already been analyzed by regulatory entities such as the Bank of Spain, which have already been shown critical of your content.

Among them is the Independent Authority for Fiscal Responsibility (AIReF). In fact, the entity chaired by Cristina Herrero has largely deflated the income forecasts that the Ministry of Finance had projected on the tax increases.

The Executive forecasts an additional collection between 2021 and 2022 of about 6,085 million euros thanks to the tax increase. However, the entity considers that the measures proposed by the Executive They will only raise 4,002 million, a third less.

Income forecast with the new tax measures.  Source: AIReF.

Income forecast with the new tax measures. Source: AIReF.

In other words, the Government it overestimates its tax measures by 2 billion. The biggest cut by AIReF comes in the case of taxes on certain digital services and on financial transactions. That is, on the ‘Google rates’ and ‘Tobin’.

The Treasury expects a collection of 1,135 million through both tax figures, but the Authority lowers it to 683 million. The biggest uncertaintiesAccording to the analysis on the entity’s Budgets, they are generated by the ‘Tobin rate’ due to the reduction that can occur in stock market operations in 2021 compared to previous periods.

The other blow from AIReF is taken by the environmental taxation. Where the Executive sees 1,802 million extra, the entity calculates only 1,124 million, 678 million less. The main cuts are in the new Taxes on Plastics and on Waste.

For these tributary figures, the government expects revenue from 491 millions and 861, respectively. But the Authority estimate 123 millions and 431 millions because its parliamentary procedure has not yet begun and “it seems unlikely that they could enter into force in the first half of the year”.

Fiscal fraud

The Government would also be overestimating the scope of his measures against him fiscal fraud. Treasury forecast 828 million while AIReF foresees 491 million.

In any case, and in general terms, AIReF does not create the Budgets presented by the Executive. Cristina Herrero, its president, has warned that income will remain at 42.5% of GDP, including the Recovery Plan funds, compared to the 43.2% expected by the Government. It is about 9,067 million less.

As indicated by Herrero in his appearance at the Congressional Budget Committee, these differences are due to several factors. Among them, that the Government’s forecasts would only be achieved if the macroeconomic scenario envisaged by the Government were fulfilled, which for AIReF is the most optimistic. Too much, even.

And it is that, in the central scenario (the most likely, although Herrero has emphasized the uncertainty generated by the Covid-19 pandemic), the Authority expects in 2021 a GDP recovery and economic growth of 5.5%, almost two points less than what was foreseen by the Executive, 7.2%. This will weigh on revenues, as well as the high degree of uncertainty caused by the health crisis.


Reference-www.elespanol.com

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