Almost half of the new regional governments have announced tax cuts. The Balearic Islands, Valencia, the Canary Islands and La Rioja want to eliminate the inheritance law almost immediately. In the case of heritage, what they have made is a promise, as in Cantabria. This strategy of tax reductions that was already launched last year in the PP communities (and also in some of the PSOE) puts more pressure on autonomies like Catalonia, which maintain unchanged – with small nuances – their fiscal strategy. On this occasion, the change has focused on the inheritance tax. In Valencia, the president of the Generalitat, Carlos Mazón, announced the elimination of most of the inheritance and donation tax, ensuring that "never again will we pay twice for the effort and sacrifice of a lifetime." It will also be retroactive to Election Day, May 28. The president of the Balearic Islands, Marga Prohens, also promised to eliminate the inheritance tax for inheritances from grandparents to grandchildren, from parents to children and between spouses immediately.
According to the data collected by the REAF-Council of Economists with the calls for these four autonomies, more than half of the Spanish communities will pay little or nothing in the majority of successions, those Job Function Email Database from parents to children. In the case of the wealth tax, the Balearic Islands, Valencia and Cantabria have agreed to eliminate it (as a bonus). If confirmed, in 5 of the 15 general regime communities it would have been eliminated. And in two others a very low rate will be maintained. El Círculo believes that Catalonia should reflect on being a less competitive fiscal island “Catalonia is becoming an island, being less competitive, which invites reflection,” says the president of the Cercle d'Economia, Jaume Guardiola. “It is known that the location of a tax residence is based on many components,” he adds. Along the same lines, the president of the General Council of Economists, Valentí Pich, believes that "Catalonia must face this new situation.
The Catalan community is where the highest collection of wealth tax occurs and continues to be where low incomes pay the highest personal income tax. In the inheritance tax, the data from the Panorama of Autonomous and Provincial Taxation 2023 prepared by the REAF-Council of Economists highlights that – for a typical case of a son who inherits 800,000 euros from his father – Catalonia is the third community where the most It is paid once the Valencia exchange is approved.The future of community taxation will also be very marked by the party that finally reaches agreements to form a government in Spain. Guardiola remembers that the central Executive can set the rules it considers. In this sense, what the tax on large fortunes does is force the taxation of high incomes in the communities where it is 100% subsidized. The IEB-UB remembers that competition in taxes can force changes in other autonomies In some other autonomies, such as Aragón and Murcia, it is not yet known whether a government can be formed.