CiU abolishes the Inheritance Tax with PP’s votes in the middle of the debate over the Catalan Government’s finances

June 1, 2011 11:19 PM | CNA / Rafa Garrido / Gaspar Pericay Coll

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”.

The Catalan Government practically eliminates the Inheritance Tax for close relatives, which means 102 million euros less in 2012

April 6, 2011 02:31 AM | CNA / Gaspar Pericay Coll

In the last elections, the elimination of the tax was one of the main promises of the Centre-Right Catalan Nationalist Coalition, Convergència i Unió (CiU), which controls the Catalan Government. From January 1st 2011, first and second degree relatives will have a 99% bonus on this tax. The decision has been taken in the middle of the debate about public expenditure cuts.

The Catalan President rejects raising taxes and states that a 10% budget cut is enough

February 11, 2011 11:02 PM | CNA / Pere Francesch / Gaspar Pericay Coll

Artur Mas, the President of the Catalan Government answered the Spanish Vice President for Economy, who yesterday suggested that he should raise taxes. He also wants to stop the debate about which percentage of the public expenditure should be cut, after the insistence from Madrid to go beyond the 10%. The Advisory Council for the Economic Recovery met today for the first time. Mas also announced a Catalan summit on economic recovery scheduled for the 25th of March.