SPAIN: Montoro budgets for 2016 as recaudaci & oacute; n for income tax and VAT – EntornoInteligente

SPAIN <- - AUGURE_NOTICIA_INICIO>: Montoro budgets for 2016 as revenue from income tax and VAT / Five days / The State Budget for 2016 provide that principal tax income reached record highs. For income tax, estimated to raise finance 75.432 million, May amount ever recorded. The same applies to VAT, whose first contribution exceed 62,000 million.

Spain was by far the country’s tax revenue lost to the onset of the economic crisis, a circumstance that is explained largely by the bursting of the housing bubble. Administration spent entering 40.9% of GDP in 2007 to 34.8% in 2009. That is, lost 66,600 million in just 24 months. The response of the then government of Jose Luis Rodriguez Zapatero was to raise taxes, a move that followed and with greater intensity the current Executive.

The situation today is different. The tax reform that took effect in January joined a reduction of income tax and corporation tax. A reduction that, according to forecasts included in the State Budget will be presented today in Congress will not prevent tax revenue from both figures to grow.

Hacienda, which in recent years has sinned optimistic in the forecast of revenue, estimated income tax contribute to government coffers 75.432 million in 2016, 3.4% more than the current year and more than 3.8% in 2014, when interest rates were higher. Reducing taxes that took effect in January, along with other variables such as wage moderation, as reflected in other income. The collection of personal income tax, a tax on wages, income from savings and capital gains for citizens, will advance at a slower pace nominal GDP, which Economy estimated to grow 3.8% this year and 4.1% next. In fact, the collection of income tax as a percentage of GDP in 2016 will stand at 6.6% compared with 6.9% two years earlier. In any case, personal income tax revenues exceed the levels before the economic crisis.

Rajoy incorporate new tax cuts promised in his electoral program

Information Five days

www.entornointeligente.com

See also www.mundinews.com | www.eldiscoduro.com | www.tipsfemeninos.com | www.economia-Venezuela .com | www.politica-venezuela.com | www.enlasgradas.com | www.cualquiervaina.com | www.espiasdecocina.com | www.videojuegosmania.com

Follow us on Twitterentornoi

Also you may be interested

Debi Nova married before 150

Guanacaste Canada and unite for community

Contemporary dance will wear their best clothes

1:56 a.m. – Shaune Fraser read: VENEZUELA: Internet: ICANN publishes project of emancipation from the tutelage of the US

6:54 pm – Shaune Fraser read: MEXICO: a woman gunned taqueria Mixcoac

08:53 am – Shaune Fraser read: COLOMBIA: Dollar overcomes the barrier of 2,900 pesos in Colombia

10:51 pm – Shaune Fraser read: PERU: At least 14 states will join the Civil Service until the end of government

8:50 pm – Shaune Fraser read: “King” won the duel with Carlos Gonzalez

5:47 pm – Shaune Fraser read: The Return of “Mission Impossible” like the US box office