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The Mbappé Law of Ayuso, tax advantages for the richest and destruction of social services
- September 26, 2024
The Law Mbappé, which stipulates a 20% deduction for foreign investors who establish themselves for tax purposes in Madrid, has been criticized by many as a measure that favors the richest. This Wednesday, Más Madrid tabled his amendment as a whole, arguing that the current tax system dismantles essential public services for citizens.
The party's spokesperson, Manuela Bergerot, along with Eduardo Gutiérrez, The Spanish Parliament has been clear in its message: " We cannot continue to forgive taxes for the rich, while dismantling all the public services that we Madrid residents need ." The proposal suggests eliminating several deductions and increasing the personal and family minimums of the IRPF.
The measures include the elimination of deductions for those who invest in shares, as well as aid of 2,000 euros for single-parent families per child. Más Madrid It suggests that tax benefits should be distributed more equitably and not concentrated on a small percentage of the population.
The main idea behind this amendment is to rebuild the progressivity of the tax system, seeking to ensure that those with higher incomes contribute more to social welfare. The increase in personal minimums to 6,105 euros is a step in that direction, as well as increasing the aid for the birth of a son or daughter.
In addition, it is suggested that deductions for renting a home be increased in size and extended up to 40 years, to provide some relief to those facing high rental prices. In this way, the aim is not only to support families, but also to promote a fairer environment in terms of housing.
The Law Mbappé has been defended by the Government of Isabel Díaz Ayuso, who points out that Madrid is an important focus for foreign investments. However, Más Madrid He argues that it is crucial that the benefits of such investments are passed on to all citizens, not just the wealthiest.
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