12-05-2014M.A. CA

By Humphrey Carter

With the political parties starting to focus on the local elections in May of next year, Balearic President, Jose Ramon Bauza, is expected to announce a reduction in taxes before the election this week.
Parliament will host what is expected to be the final general debate about local policies on Tuesday  and Bauza is going to make the most of this opportunity to announce  a reduction and even scrapping of certain taxes.
The Balearic Minister for Finance, Jose Vicente Maris, was apparently recently given orders by Bauza  to start studying where tax cuts could be made and which of the new taxes which have been introduced since the PP returned to power, could be scrapped.
The government has given no further information about its tax reduction plan but it would appear that the Balearics may follow the example of other PP regional governments and reduce the amount of income tax paid by the self employed.
A reduction in heritage tax could also be introduced.
How ever minimal the tax cuts may seem, the PP hope that they will be symbolic looking ahead to the elections and convince the electorate that, after years of austerity, the party intends to begin easing the financial burden on the general public.

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