By Linda Hall • Updated: 29 Sep 2022 • 12:32
BRAVE MOVE: Ximo Puig announces lower income tax in the regional parliament Photo credit: GVA.es
“This will encourage economic activity and employment, while protecting the people who have been hardest hit by inflation,” announced Generalitat president Ximo Puig.
The reductions will be backdated to January 1 this year, so will apply to 2023’s tax returns.
“While some reduce taxes for the richest, here we are helping most of society reach the end of the month,” he said. “When the objective is social justice, the route is called fiscal justice.”
The central government in Madrid has not received Puig’s announcement with open arms, although the regional president is a PSOE socialist, as is the president of the Spanish government, Pedro Sanchez.
In his defence, Puig cited the Valencian Community’s status as an autonomous region, giving it sufficient clout to make its own decisions within its permitted areas of competence.
Sources close to the Generalitat quoted in the Spanish media pointed out that last July the region celebrated its 40th anniversary as an autonomous region.
“Puig is authorised to announce a measure that will benefit the majority of Valencian Community residents, however much it irritates the PSOE and the government.,” they said.
Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com.
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.