By John Smith •
Published: 02 Nov 2021 • 17:41
Proposal came from Miquel Ensenya
Credit: MÉS for Mallorca
MÉS for Mallorca wants to tax companies who profited from pandemic according to spokesman in Balearic Parliament Miquel Ensenya.
Always happy to give advice, it recommends that the National Government create a working group to study the creation of a rate of excessive profits derived of the outbreak of the Covid-19 pandemic.
This special tax would be temporary and would be levied against companies and public institutions which have signed ‘millionaire contracts’ so that the former can help with their activity to combat the consequences of the pandemic.
Pharmaceutical companies would be the main target as many of them received large injections of public capital to rapidly develop vaccines against Covid-19.
He indicated however that “this tax could establish exceptions and limitations for companies as long as they justify that this excess of profits derived from the pandemic will be destined to investment plans in innovation that serve to create employment, the improvement of the salaries of its workers or the preparation of stocks in the face of increasingly common supply problems.”
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
Currently he is acting as Editorial Consultant for the paper helping to shape its future development.
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