Government Launches Tax Reform

The government of Spain has launched a tax reform that "will not be a simple retouch" but that will entail major changes that, as announced by the government, will place us before a simpler, fairer tax system that will offer greater flexibility to the private sector."
 
The messages from the various public and private sectors that will be affected by the change in the tax system anticipate "that they will not be short-term measures," but "they will extend a tax cut in order to boost the economic activity and encourage savings."
 
The establishment by the government of an Experts' Committee for Tax Reform, which has been entrusted with the production of a report reflecting its recommendations, will be crucial to draw the general lines that will shape the tax reform that will become effective on January 1, 2015.