Moncloa finalizes another battery of tax increases on multiple fronts (Corporations, banking, diesel, savings, tobacco…). Such aggressive taxation finds its contrast on the western border of Spain. The Portuguese Government, which is capable of negotiating its Budgets, promotes three reductions in Personal Income Tax, one in Companies, and another in Housing. The neighboring country thus consolidates a policy that in recent years has allowed it to enjoy surpluses in its accounts, and clearly has an advantage in the eyes of foreign capital. The latter will find in Portugal not only more competitive fiscal conditions, but even greater security compared to a country like Spain, in which the only formula to comply with European fiscal rules is to punish companies and individuals.
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