More than 6 out of 10 businessmen consider that the central government should reduce the tax pressure to stimulate economic recovery within the current crisis as a result of the coronavirus. This is one of the main conclusions of a report prepared by the consultancy KPMG and Confederation of Employers of Spain (CEOE).
It is a position supported by the president of the Confederation of Businessmen of A Coruña. Antonio Fontenla considers a change in taxation necessary to facilitate the liquidity of companies and, in turn, allow the maintenance of jobs. He has been to the weekend interview of the Radio Coruña Group.
The report collects the responses of 681 Spanish managers and businessmen from 25 sectors. Fontenla has also been opposed to the increase in the tax burden on the highest sections of the IRPF, large companies and energy taxes, as proposed by the central government.
Supporting the position of the CEOE, the president of the Coruña businessmen considers that raising the Corporation tax for large companies it can weigh on economic growth and investment. Antonio Fontenla emphasizes that what must be done is to detect and combat the underground economy so that the State can obtain greater economic resources from there.
Fontenla considers it necessary that the Temporary Employment Regulation Files (ERTE) of force majeure and linked to the economic crisis derived from the coronavirus pandemic be extended, at least, until December, because “it is better to have the population in an ERTE than to lay off” or to have to restart a business from scratch.
The Minister of Labor and Social Economy, Yolanda Diaz, assured, this week, that the debate should not be addressed about whether taxes should be lowered or raised, but rather to see how the tax burden is distributed, that the extension of the ERTE cannot be requested, with high payrolls, and at the same time be asking for taxes to be lowered.