It’s the great unknown of the reform of the IRS. So far, the government has left to talk to two times: the wing CDS-PP to defend a “fiscal restraint,” the Finance Minister and the Prime Minister to measure his words carefully. The only taboo is broken within two weeks, when, on the eve of sending the proposed State Budget for 2015, the executive present retirement IRS. Or will not come down to 3.5% surcharge? And if yes, how? Now that studies on the IRS and green taxation ended, the ball is in the executive.
This Wednesday, the Government was faced with a strengthened position to reform the IRS in favor of gradual reduction of the surcharge fee, starting next year.
final draft reform submitted to the Ministry of Finance, the group of ten tax experts presents reasons for the executive to assess the pros and cons. For the working group led by fiscalist Rui Duarte Morais, both the progressive elimination was advocated by most entities heard in public consultation period, as the Eurogroup has posed a “reduction of tax on labor” in the center of the political priorities in Eurozone. And – says the commission -. Has to look to the recent evolution of budgetary constraints
Remember the workgroup that the committee for reform of the green tax “took a strand of overall tax neutrality, according to additional revenue which can lead to an effect that enables the reduction of the IRS. ” He adds another notch to the analysis. “Recent data from the national budget execution, with revenue growth at 7.7%, seem to point in the same direction”
What’s two and half months was a laconic statement – suggesting that the executive, in the event of budgetary slack, the IRS begins the descent of surcharge and the additional solidarity tax (applied to taxable income above 80,000 euros) – now has a broader recommendation. “On a factual level can not fail to note that during the public consultation period followed a series of events that show that the line would not be unrealistic advocated this recommendation”, vinca in the document.
The commission reform merely to suggest the gradual reduction, not proposing a quantitative cutoff value. The Secretary of State for Fiscal Affairs, Paul Nuncio, pivot of the reform ministry headed by Maria Luís Albuquerque, has insisted that the fight against tax evasion and the underground economy, increased tax revenue it provides, will be a key element in the reform, but never publicly stated unequivocally what is the margin that the Government has at the moment. Paul did not say Nuncio, the CDS-PP, nor the Minister of Finance.
It is true that the Technical Unit for Budgetary Support (UTAO) came this week noted that it is the increase in tax revenue that is cover the gap in public spending, while the effort of structural consolidation of public accounts slows.
As was already in July, the commission proposes that, “after elimination of the surcharge and the rate additional solidarity, the ranks of general tax rates are revised enlarged as early as possible, as a measure to reduce the tax burden on the income of individuals and better distribution of the tax burden among taxpayers people. “
The position of the Eurogroup of 12 September, the reform commission refers, came to give a European dimension to the priority given to lowering taxes on labor, although the finance ministers of the eurozone that has ressalvem be considered case by case, taking into account the “fiscal space” of the country concerned. Must be a “differentiated fiscal consolidation strategy friend of growth”, then reinforced finance ministers, when they met in Milan.
In the Portuguese case, tax experts say if there is not, or not budget margin – the working group has, moreover, not to mandate it. The recommendation is technical:. Should begin by downloading the surcharge and the additional fee, if available in the public accounts
However, the final version of the draft reform is – intentionally or unintentionally – putting more pressure on the government. Each percentage point surcharge IRS is approximately EUR 220 million of revenue to the state coffers, which means that the 3.5% yield annually about EUR 770 million.
In the proposed commission there are other measures involving loss of revenue (such as the introduction of a family quotient, in which each member of the household, whether parents, children or ascendants few resources count toward the calculation of income from tax). But to compensate for this loss are proposed compensatory measures, which pass by the adoption of a system of fixed deductions for passive and dependent subject.
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