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Sánchez will raise taxes on high incomes and large companies: it is "inevitable"

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The president of the Government, Pedro Sánchez, has assured that a fiscal reform will be carried out, given that, in a crisis situation due to the Covid-19 pandemic, it is "inevitable". "Today the fiscal seams have jumped ", He said referring to the change of plans in economic matters that may be.

"We will have to increase the public revenue capacities of the State," Sánchez stressed during an interview this Thursday on laSexta. In it he explained that "reinforcing the welfare state can only be done with a tax reform".

That yes, the fiscal reform will be made "with fiscal justice". That, for the Government means "raise taxes on large corporations, not small companies". In addition, he has ruled out a VAT increase: "The most important thing is to come out with an objective of economic growth, job creation and social cohesion." The Executive also contemplates a IRPF rise to higher incomes and "intensify" environmental taxes.

A resounding 'no' to the question about whether to cut pensions. "On the contrary," he said, in the same way as the fact of a possible cut in salaries for officials: "Cutting wages for public employees is not within the government's forecasts," he added.

On the other hand, regarding the bad economic data due to the restrictions on activity due to the measures to face the Covid-19, Sánchez highlighted that "the economic and social impact is unprecedented". Now what it touches is "to reactivate the economy, but the answer must be transformative, not defensive," he said.

BUDGETS

Regarding the approval of the General State Budgets, Sánchez has assured that they will be "Before the end of the year". His wish is to do it "with the support of the largest number of parties" and, for this, he has admitted that the "responsibility" of the Government is "build bridges with those who want to do politics".

About him European Fund, the President of the Spanish Executive considers that "it is imperative that the European Union (EU) reach an agreement in the month of July".

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