Post by account_disabled on Mar 13, 2024 23:17:59 GMT -5
This Tuesday, the Council of Ministers approved the bill on measures to prevent and combat tax fraud , with which it hopes to raise 800 million more euros per year. It includes the prohibition of tax amnesties, the limitation of cash payments to 1,000 euros for economic activities between professionals and companies, or greater control over the use of new technologies, such as cryptocurrencies or the prohibition of dual-use software. In this context, it is worth knowing that in Spain each year about 31.8 billion euros in taxes and Social Security contributions are evaded, above the European underground average and that the underground economy in our country is 65% larger than the European average.
Tax fraud causes annual losses to public coffers of 91.6 billion euros: 60.6 billion euros for evaded taxes and 31 billion euros for defrauded Social Security contributions. And of the 70,000 million lower Spanish tax burden compared to the European average, half of it is due to greater AOL Email List evasion in our country. To reduce tax avoidance it is necessary to modify the legislation that makes it possible and to combat fraud, now that the bill has received the green light, the Government should prepare an official study on the underground economy in Spain In this framework, the social responsibility of companies would also be demonstrated with the payment of taxes, especially at this time when many companies and sectors affected by the COVID economic crisis are requesting enormous public aid.
Now, to the problem of fraud we must add that of tax avoidance, which consists of taking advantage of legality or its loopholes to minimize the payment of taxes. And in this regard, we could also ask ourselves: who would be the main people responsible for the avoidance in Spain? The data show that they would be the 5,397 business groups that, almost doubling the profits before taxes and adjusted by consolidation of 2006, earned 39.4% less than 13 years ago, mainly due to monopolizing 75% of the 466,990 million in dividends. and capital gains. With this, the collection of Corporate Tax in 2019 continues to plummet by 47%, being the only tax that has not recovered its collection from 2007 prior to the previous economic crisis. But when talking about the great beneficiaries of tax avoidance in Spain, we must not forget the great fortunes either. Spain occupies 12th position in the world ranking of the number of millionaires with 428,006 people.
Tax fraud causes annual losses to public coffers of 91.6 billion euros: 60.6 billion euros for evaded taxes and 31 billion euros for defrauded Social Security contributions. And of the 70,000 million lower Spanish tax burden compared to the European average, half of it is due to greater AOL Email List evasion in our country. To reduce tax avoidance it is necessary to modify the legislation that makes it possible and to combat fraud, now that the bill has received the green light, the Government should prepare an official study on the underground economy in Spain In this framework, the social responsibility of companies would also be demonstrated with the payment of taxes, especially at this time when many companies and sectors affected by the COVID economic crisis are requesting enormous public aid.
Now, to the problem of fraud we must add that of tax avoidance, which consists of taking advantage of legality or its loopholes to minimize the payment of taxes. And in this regard, we could also ask ourselves: who would be the main people responsible for the avoidance in Spain? The data show that they would be the 5,397 business groups that, almost doubling the profits before taxes and adjusted by consolidation of 2006, earned 39.4% less than 13 years ago, mainly due to monopolizing 75% of the 466,990 million in dividends. and capital gains. With this, the collection of Corporate Tax in 2019 continues to plummet by 47%, being the only tax that has not recovered its collection from 2007 prior to the previous economic crisis. But when talking about the great beneficiaries of tax avoidance in Spain, we must not forget the great fortunes either. Spain occupies 12th position in the world ranking of the number of millionaires with 428,006 people.
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