The Government of the Generalitat is broken after only a year and a half of existence. The majority support of the JxCat bases to leave the Government in its last consultation with 55% of the votes, has precipitated an announced departure in which ERC seems willing to take the reins alone of the Government with an economy mired in crisis. uncertainty. The government crisis comes at a delicate moment for the community, which has not raised its head five years after the independence referendum, outlawed by the Constitutional Court.
To the loss of confidence on the part of the business fabric as one of the main centers of activity in Spain, weakened accounts are joined after the pandemic. Catalonia is the most indebted community in Spain, according to the latest report published by the BdE, with 84,486 million euros, despite being one of the regions with the highest taxes, especially in personal income tax, as it has one of the highest regional sections in Spain. no intention of make a move when it comes to tax cutsIn addition to income tax, its cornerstone is Patrimony, with a total of 77,000 taxpayers who pay it there.
This reason forces him not to enter the fiscal struggle that has been promoted from the autonomous communities led by the leaders of the PP, despite the fact that it may be one of the worst stops if the phenomenon of migration to Madrid or Andalusia occurs. Precisely, the Executive led by Juanma Moreno has opened a war with Catalonia in search of channeling Catalan investors and businessmen with more favorable taxation for entrepreneurship.
Added to this situation is a level of activity, which is still one point below pre-Covid levels, after growing by 4.8% year-on-year during the second quarter of the year. Despite this, its GDP per capita at the end of 2021 was 6,000 euros above the Spanish average and just over 1,000 euros above the figure registered five years ago, at 31,509 euros.
Catalonia is the most indebted community in Spain
The 1-O and the unilateral declaration of independence proclaimed by the then president of the Generalitat, Carles Puigdemont, who fled from Spanish territory, represented a fracture at all levels of Catalan society, which still persists. The declaration of independence ‘annulled’ shortly after led to the biggest business earthquake in recent decades, with a volume of changes of headquarters to other communities unpublished up to that date. Of the 555,000 groups domiciled in Catalonia, the Foment de Treball employers’ association estimates that some 5,000 left, while the Generalitat reduced this figure by around 2,500 a year later.
The high tension, which grew in the heat of the fear of a corralito, led to a flight of deposits and the creation of bank accounts in other Autonomous Communities, forcing entities such as CaixaBank and Sabadell to transfer their headquarters to Valencia. Later Banco Mediolanum and Arquia Banca would join. This massive flight was partly thanks to the decree law approved by the central government, which at that time was headed by Mariano Rajoy, and which allowed companies to transfer their legal domicile without the need to obtain the approval of the shareholders’ meeting. With this, Catalonia went from having a dozen boxes installed to staying only with Box of Engineers, which shows the loss of weight in the national GDP compared to its natural rival par excellence: Madrid. For the moment, the business battle is lost because the breakup of the Government does not seem to relax it.
Source: LA INFORMACIÓN – Lo último by www.lainformacion.com.
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