Spain has experienced a double dip in this economic crisis, unemployment has tripled since 2007 and has been the country of the European Union where more have increased social inequalities. Now that is starting to recover, when you carry four consecutive quarters of economic growth, job creation and incipient improved balance their external accounts, the slowdown in the euro area and in other world areas contested that the output is consolidated economic crisis.
The recipe OECD Spain offers so that you can strengthen the recovery is faster and faster reform to the potential growth of the economy increases. The secretary general of the agency, Angel Gurria said in presenting the biennial report on our country, but hoped that “by now we were leading the current recovery in the world, it is not.”
Last week, Eurostat confirmed the stagnating eurozone ,. Gurria acknowledged being reduced global growth expectations for 2014, and although they will improve in 2015, will be less clear than they would like. “An open economy depends on how you go to their partners. We hope you can overcome Spain paddling stronger “he said.
So the OECD commitment” to maintain the pace and direction of reform momentum. ” “Reforms should be set because you never succeeds in the first and because the environment changes,” said Gurria, who stressed that “reforms are paying off and give more in the coming years.”
OECD has slightly improved its forecasts for Spain. growth of 1.2% this year and 1.6% next year and forecast to recover gradually accelerate over the next two years
The OECD emphasizes that the Government “can do more to prioritize jobs and maintain a fair distribution of the tax burden.” In particular, insists that Spain should lowering social security contributions for low-skilled workers, which would boost job creation in this group, one of the hardest hit in the crisis.
reviews
And again complains flat rate approved by the Spanish Government considered “regressive” guesses, a higher tax for workers with retribuciones- low and have little impact on stimulating recruitment long-term investment plans, as it is a temporary measure.
The penultimate report of the OECD warned that continue lowering wages would hurt the economic recovery and highlighted the efforts made by Spain in the last years. However, yesterday Gurría nuance that wages can only rise if productivity increases.
In taxation, international organization reiterates that indirect taxes should increase, bringing more products to the standard VAT rate, eliminate the deduction for shelter for all and raise property taxation, abolish the special rate for capital income in income tax and add them to labor income by applying the same marginal rate. Also advised to review the tax treatment of investment companies with variable capital (SICAV), which are taxed at a rate of only 1%, and “strengthen controls” so that not used to avoid paying taxes
No comments:
Post a Comment