Raise taxes on fuels, set a minimum in assets and successions or tax airline tickets, These are some of the main proposals contained in the White Paper on Tax Reform presented this Thursday.
The committee of experts has reflected in almost 800 pages 118 measures in four areas –environmental taxation, corporate taxation, digitized economy and harmonization of wealth taxationas well as recommendations on other topics such as VAT and personal income tax, among which the following stand out:
– Increases in taxes on hydrocarbons, in particular natural gas and fuelsequalizing the taxation of diesel and automotive gasoline.
– Elimination of the tax on the value of electricity production, as well as measures “to improve the design and effectiveness” of regional taxes with effects on the electricity sector and modify the special tax on electricity.
– Modification of the Special Tax on Certain Means of Transport (IEDMT or registration tax). On the one hand, it is proposed in the extension of the number of sections and the rise in tax rates to encourage the purchase of low-emission vehicles. On the other hand, the introduction of a supplement on the weight of the vehicle above a certain limit is suggested.
– Reform of the Tax on Mechanical Traction Vehicles (IVTM or circulation tax) to incorporate a growing tax rate with the level of CO2 emissions from cars.
– Creation of an environmental tax that serious purchase of airline tickets.
– Create a tax that taxes the use of high-capacity road infrastructures -highways and highways- based on the distance traveled through an electronic toll system.
All the measures included in the environmental chapter would allow raising the collection by up to 15,000 million.
– Eliminate the tax on economic activities (IAE) and compensate local corporations for the loss of that income for guarantee the collection sufficiency of the local treasuries.
– Eliminate the limit of 1 million euros per year when offsetting negative tax bases from previous years in corporate income tax and establish a single compensation limit of 70% of the previous tax base without discriminating by company size and maintaining the rule of not setting a maximum term to compensate for losses.
– Set up a threshold of €3,000 per year in VAT below which taxpayers would be exempt of the obligations associated with the tax.
– Creation of a local rate for occupation of public domain in home delivery of parcels.
– Exempt from taxation various cases of collaborative economy, such as home sharing, carpoolingunpaid accommodation or the sale of used goods for small amounts.
– Set up a minimum in wealth and inheritance and gift taxes that avoids the “emptying” of these taxes, although leaving room for the autonomous communities to agree on increases or decreases.
– 100% reduction in inheritance and donation tax in cases of transfers due to death of the habitual residence when the heir already lived in the house.
– Implement income tax deductions for low-wage workers or those with minor children, as well as study an adjustment of rates to guarantee the fairness of the tribute.
– Gradual abolition of reduced (10%) and super-reduced (4%) tax ratesso that only the general rate of 21% or the amount decided by the legislator remains, which would mean an increase in VAT collection by 27,100 million.
– In the shorter term, raise VAT on sugary and alcoholic beverages consumed in the restaurant industry to 21%a sector that is taxed at the reduced rate of 10%, and VAT on processed foods.