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The Canary Islands reject the inheritance tax proposed by Yolanda Díaz for being an “attack” on financial autonomy


01/26/2024 The Minister of Finance and Relations with the European Union of the Government of the Canary Islands, Matilde Asián SPAIN EUROPE CANARY ISLANDS POLITICS GIVEN BY THE GOVERNMENT OF THE CANARY ISLANDS

The Minister of Finance and Relations with the European Union of the Government of the Canary Islands, Matilde Asián, has rejected the new proposal of the state vice president, Yolanda Díaz, to tax inheritances for being a “frontal attack on the financial autonomy of the autonomous communities” . This was stated by the regional manager in a statement in which she recalled that the Inheritance and Donation Tax “is a tribute transferred to the autonomous communities themselves. “We knew that the debt forgiveness for Catalonia was not going to be free but, of course, “We did not expect that they would be financed by a new tax that again taxes previously taxed income,” Asián stated. Meanwhile, the counselor understood that the central government has difficulties in meeting its deficit and public debt commitments since, in currently, “far exceeds the limits required by the European Union.” “However, we believe that there are other ways to achieve it beyond raising and raising taxes,” he lamented. Finally, he stressed that the state government “should do a global approach to fiscal policy that follows a strategy to reduce deficit and debt through the establishment of policies to promote economic and social growth.



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