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The Círculo de Empresarios proposes delaying retirement to 72 years and reducing dismissal

Date: July 18, 2024 Time: 10:07:25

The Círculo de Empresarios has proposed to the future Government that the voluntary delay of the retirement age be removed from the polls on July 23, accompanied by an incentive system, and the elimination of special taxes on banks and energy companies and of the wealth tax, among other economic policy measures that are included in the ‘Open letter to future Legislators and Governors’ that they published this Wednesday.

Regarding the recent reform of the pension system, he says that “it does not ensure its viability, it only delays the problem, it is profoundly unsupportive and will require a great sacrifice from active citizens”. For this reason, he insists on a voluntary delay in the retirement age accompanied by a system of incentives and promoting private savings and investment.

The proposal of the Círculo de Empresarios would extend the retirement age to a section between 68 and 72 years. “If you retire earlier, there would be a slight reduction in your pension and if you retire later, an incentive,” the organization’s president, Manuel Pérez-Sala, explained at a press conference.

Regarding the latest labor reform, the Círculo de Empresarios has pointed out that “far from solving the problems, it has slowed down the rate of job creation, has hidden unemployment and has harmed flexibility”. For this reason, the employers are calling for a “courageous, agreed upon with the social agents” reform, which will provide the system with greater flexibility, and bring Spanish regulations closer to those of neighboring countries and to the new economic and labor realities.

Make dismissal more expensive for temporary workers and make it cheaper for permanent workers

This would happen, according to the organization, by reviewing the compensation costs, bringing them closer to the European average, raising them for temporary contracts and lowering them for permanent contracts to favor stable hiring. They have also advocated creating an individual savings account under the “Austrian backpack” model that would receive regular contributions from the real contribution received by Social Security for unemployment.

In tax matters, the Círculo de Empresarios considers that investment and savings should be encouraged and believes that the new tax figures must be agreed upon and harmonized with Europe to avoid competitive distortions and relocation of tax bases.

“It is essential to improve the efficiency of the tax system; collection in Spain is below the EU average, despite having higher tax rates, due to the high unemployment rate, the size of the underground economy and a complex VAT design”, stressed the organization.

Eliminate banking and energy taxes

For this reason, the organization has proposed reducing social security contributions paid by the company, eliminating special taxes on banks and energy companies, eliminating the wealth tax and simplifying the design of VAT by reallocating tax rates taking productivity into account. structural.

It has also established that fiscal policy be prudent, rigorous, effective and efficient in order to promote stable growth. “We cannot spend without measure on ideological, electoral or doubtful policies, since we are harming the financing capacity of our Welfare State and transferring current spending to future generations”, stressed the organization’s president. In this sense, he points out that the State has to accept that the collection capacity of the Spanish economy is limited, and that the weight of public spending must be around 40% of GDP.

For its part, the Círculo de Empresarios considers that the State must develop a housing policy compatible with the fundamental rights of citizens enshrined in the constitution. In this way, they propose expanding the supply of land, promoting the construction of affordable rental housing, as well as finding formulas for public-private collaboration in those cities with unsatisfied demand, as well as streamlining administrative procedures to reduce costs for developers and consumers.

In energy matters, the organization believes that all kinds of intervention in the market should be avoided, or reduced to the essential minimum. In addition, they see it as necessary to work to achieve social acceptance of the transition and the consensus of the Administration, the business sector and the citizenry.

“The Need to Have Flexible Y Energy in the Best Conditions, Reduce Volatility and Facilitate Stability for Consumers Passes the Extension of the useful life of already installed Generation and the concaveness of promoting the Development of the Market in the long term and of bilateral contracting”, they have reiterated.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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