Taxes to be lowered to strengthen economic growth

Spain’s Minister for the Treasury and Public Administration Services, Cristobal Montoro, has  highlighted that  tax reform will help boost economic growth and job creation, thanks to the  nine billion euros that will be made available to taxpayers as of January 2015.
The minister stressed that this is the ideal moment for the tax reform, now that “the public accounts are coming under control and the forecasted budgetary income is being met” and the public deficit reduction agreed with Brussels is assured.
“This is the perfect moment to do this, by fairly sharing tax burdens and by combating fraud. We will lower taxes, thereby strengthening economic activity and growth”, he said.
Montoro stressed that this tax reform fosters a new tax system which increases “progressiveness, equity and justice”, when compared with the last tax reform approved in 2006.