Spain Murcia joins the tax race of Madrid and Andalusia and announces a 70% reduction in personal income tax to attract investment

Murcia joins the race to attract foreign investment and will compete directly with Andalusia and Madrid

Spain Murcia joins the tax race of Madrid and Andalusia and announces a 70% reduction in personal income tax to attract investment

Murcia joins the race to attract foreign investment and will compete directly with Andalusia and Madrid. This was announced this Tuesday by the president of the Region, Fernando López Miras, who highlighted the launch of a center for attracting investment from "domestic and foreign" companies.

In an informative breakfast organized by Europa Press, López Miras has explained that the Government of the community will open specific lines for attracting companies and will accompany them in their relocation process "from anywhere in the world."

That is to say, it will give them economic, administrative, bureaucratic incentives (simplification of procedures) and even the most personal, such as "finding a school for their children or processing the health card, for example."

In addition, the initiative contemplates the establishment of tax measures, especially to favor technology-based companies, such as a reduction of up to 70% in Personal Income Tax (IRPF) for those who decide to start digital companies. And a maximum base of 100,000 euros.

With this reduction in the regional section of the main tax paid by workers, what López Miras is looking for is to encourage the implementation of startups and digital entrepreneurs". , the popular baron has puffed up his chest.

In this way, Murcia launches into the race to attract foreign investment. It already did so by announcing the abolition of the Wealth Tax, like Andalusia. But now it undertakes the biggest drop in personal income tax in all of Spain.

"We are the best land in the world to live and also to invest", said López Miras, who recalled that, to these "facilities" for investment, others already implemented are added, such as the validation of permits and authorizations from companies that operate in other Spanish regions and want to move to the Region.

"We do believe in the private initiative to create a society with more opportunities", he stressed in this regard, to insist that "we do not harass companies, nor do we demonize them" because "they are the levers to create employment and a bad example is given pointing them out and trying to unload on businessmen the bad result of ineffective economic policies".

In this sense, he has stressed that businessmen "form a fundamental social shield to guarantee our welfare state", something that, he lamented, "the champions of single thought have not learned" because "no one has the patent of the social".

After defending Murcia's position "as a fundamental piece in the national checkerboard", López Miras has indicated that the announced investment attraction center represents "one more step" with respect to the Investment Acceleration Unit that the Region of Murcia already has. Murcia through the Development Institute.

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