New publication on Property Tax

Informe Impuesto Patrimonio 2016The Foundation for the Advancement of Liberty and the Spanish Unión de Contribuyentes (Taxpayers Union) have jointly published a research paper written by Cristina Berechet on the Spanish Property Tax. Described as “slapping the rich… in the face of the middle class”, the report underlines that this tax is particularly damaging for middle and low income levels, contrary to what it might seem at first glance. The report takes into account the evolution of this tax since it was first introduced as something exceptional and temporary (but it’s still here four decades later). Spain and France are the two only countries in the European Union where this tax is still charged. It has been discarded by all other countries not only in Europe but almost all around the world, and it has been declared inconstitutional in Germany. Berechet provides updated information on Spanish property taxation region by region, and she analyzes the political parties’ position on this tax. The Foundation’s head of research (and general manager of the Taxpayers Union) concludes that the property tax needs to be abolished, and she provides sound arguments for this.

Full report (Spanish) in PDF

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