The assets tax. The harsh legal reality
Spain is a strange notice. This is the only nation of the entire European Union, since France suppressed it in 2008, which applies a tax or IP tax, although within the entire OECD, the governments of Switzerland and Norway also apply it. Despite this, its prominence in the fiscal system of Spain has always been questioned. In fact, the government of former president Zapatero abactIn 2011, just when it went through the economic crisis.
The questions about the tax are mainly defended to control complications, the disadvantages of assessment of assets and the elusion facilities, questions that in many other nations have caused their elimination.
These complications produce distortions, inequities and administrative expenses in accordance with the impossible tax assessment adjustments with respect to the market price in the same way for all assets but not for most taxpayers. The horizontal equity that is sought to be derived from recording with the help of the assets a financial capacity that does not produce economic income, is in doubt, and this occurs due to the ineffective assessment of assets, under these reasons, for example, it was chosen to abolishIn 1996 by the German government.
In any of the cases, the final truth is that: ‘The Heritage Tax is almost at all and really if it could collect much more’, according to Puch and Diaz. Then, it is worth asking whether the importance and existence of these complications bring some kind of quantitative guarantee, as well as if a reality is modifiable. This is the main objective of the article, although the impacts on the collections that we have already mentioned through the establishment of a Simp or Tax Simulator could later be left.
Before going for a quantitative analysis, it is considerable to estimate the basic arguments in favor of existence. Conceptual, the instant argument is that the same possession of wealth will generate a utility and, therefore, it appears as an extra financial capacity source to which it produces the income. Being in this way, the same capital yield tax has not recorded this extra financial capacity. In addition, the non -tax of this type of profits would allow to defer its correct taxation, if desired indefinitely, because the so -called ‘surplus value’ is not established in the IRPF.
From a point of view focused on deficiency, this work file has generated a purely theoretical model to justify its use. In it, the tax of incentive wealth in the productive use of capital is demonstrated. It should be noted that this occurrence has already been included in the exposition of law reasons 19/19991, which regulates this tax in Spanish territory.
International example
In the company of the previous arguments, the tax could play a fundamental role in the redistribution of wealth. This is one of the main arguments behind various proposals such as in the United States. The design that is sought to be implemented is basic and consists of a high minimum of exempt, about thirty million, an understandable comprehensive pillar, without special treatments, and one in a marginal class of a two per blind. The results that are obtained will depend on their percentage of elusion, which from the beginning will set in fifteen percent, while the potential problem derived from the displacement of the pillars is not such, since the point of convergence withThis nation is found in patriotism.
However, given the previous inexperience of equity taxes with such qualities, it is difficult to end up knowing how reliable these estimates could be, occurrences that would facilitate controversies with other professors of matter.
In this way, although we cannot ensure the extensive validity that the Spanish government possesses, we are allowed to know that this would not have to be done. There we can say that there is a comparative advantage. The Patrimony Tax option, in the strip of what was previously commented, could focus, among others, on the tax of the so -called ‘surplus value of the dead’ and in the suspicion of recording the income of capital regardless of its realization.
In conclusion, we reach definitive in which: the current Spain tax really does not comply with the parameters for which it was designed, beyond producing a tiny economic contribution for the state coffers. Now, since the detection of their attacks, there are data on whether, once already renovated, annexing its harmonization throughout the Spanish territory, this assets tax does not have or if it is reason for what is understood as the systemProsecutor of the Nation.
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