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Home Europa Press

The PP presents an economic tax reduction plan with a decrease in the IGIC to 5%

March 18, 2022
in Europa Press
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The PP presents an economic tax reduction plan with a decrease in the IGIC to 5%
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SANTA CRUZ DE TENERIFE, March 18. (EUROPE PRESS) –

The president of the Popular Party of the Canary Islands and of the popular in the regional Parliament, Manuel Domínguez, presented this Friday the ‘economic program of the PP to govern the Canary Islands’ “which has as its priority objective the creation of employment and a tax reduction to help the families to overcome the effects of inflation” and which includes a decrease in the general rate of the IGIC from 7% to 5%.

This economic model, in his opinion, “marks the difference between the governments of the Popular Party and the governments of the left.”

According to Domínguez, “while the leftist governments all they want is for families to live through aid, for the Popular Party it is essential that the life project of Canarian families through employment, which guarantees them independence and the ability to decision”.

The president of the Popular Parliamentary Group insisted that “the priority objective is to reduce the unemployment lists and create jobs and thereby ensure the viability of the welfare state in the Canary Islands.”

To do this, he explained, “our program is based on six fundamental axes: promote consumption, generate business opportunities, define an economic model, harmonize training with the needs of the labor market, encourage hiring and facilitate investment”.

However, given the urgency of the situation in the Canary Islands with “runaway” inflation that triggers the prices of the shopping basket, energy, fuel and raw materials, Manuel Domínguez considered that the first measures to to take “must be those that favor and allow consumption to be maintained” for which he proposed “a reduction in taxes on the islands that alleviates the loss of purchasing power of Canarian families”.

He has said that citizens and entrepreneurs “are in a critical situation” so “the tax reduction is unavoidable and cannot be postponed”.

In that sense, he lamented the reluctance of the Government of the Canary Islands that “the only thing it intends is to continue lining up at the expense of the poor people’s tax”.

WITH LESS TAXES, MORE IS COLLECTED

In this sense, he recalled that the Canary Islands, being the only Spanish community with a budget surplus, “is in a better position to lower taxes and alleviate the effects of inflation”.

In his opinion, “the tax reduction should not imply a decrease in income since, as has been shown in other communities such as Madrid or Andalusia, with less taxes they collect more.”

For his part, the spokesman for Economy of the Popular Group in the Parliament of the Canary Islands, Fernando Enseñat, broke down the tax relief proposals consisting of reducing the tax on fuels, introducing the IGIC on electricity bills for individuals and companies, reducing two points the general rate of the IGIC from the current 7% to 5%, reduce the Inheritance tax to 99.9%, reduce the regional IRPF rate to adjust it for inflation and reduce the Transfer Tax by half a point.

Some measures, said Enseñat, “perfectly assumable if you want to help citizens” for which he criticized the “refusal” of the Government of the Canary Islands to lower taxes “to help Canarians cope with the general increase in prices.”

In addition, he warned that “the problem of the Canary Islands today is not the
lack of money but the lack of management of a government that collects a lot and spends badly”.



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