CiU abolishes the Inheritance Tax with PP’s votes in the middle of the debate over the Catalan Government’s finances
The Catalan Parliament approved the modification of the Inheritance Tax, which is practically eliminated among couples, sons, daughters, parents and grandparents. It was an electoral promise of the Centre-Right Catalan Nationalist Coalition (CiU), running the Catalan Government. With this reform 150 million euros will be lost in 2011 and 102 million in 2012. The Left-Wing opposition heavily criticises eliminating revenues while budget cuts are being implemented, in an “unfair decision” that “only benefits the richest”.
June 1, 2011 11:19 PM