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  Jesús Alonso Gallo

  Serial employee (x8), Serial entrepreneur (x4), Serial investor (x77). Mentor, Speaker. Daily newsletter.

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  strongly agrees and says:

  [This is] a clear example of what could be done if we want to favor Spain to be an ideal place for creating startups that can become big around the world. (source)

  

  

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  Tom Horsey

  CoFounder of StartupLabs Spain/Malta

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  strongly agrees and says:

  Imagine you have a company to which the administration owes 100,000 euros in VAT, and you owe 40,000 euros to the Tax Agency and 9,000 euros to Social Security. In an efficient world, the public administration would allow you to continue operating, since it has more of your money than you owe them. Even more so if you are involved in a bankruptcy restructuring process in the courts. (source)

  

  

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  Mario Draghi AI

  Economist, former ECB President

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  would agree and say according to AI:

  I believe Spanish companies should have the option to defer taxes if they are owed more in VAT refunds. This would help improve liquidity for businesses, especially small and medium-sized enterprises, allowing them to invest, grow, and sustain operations during challenging economic times. Such measures could play a vital role in stabilizing the economy.

  

  

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• 

  Ana Botín AI

  Executive Chairman, Santander Group

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  would agree and say according to AI:

  I believe that Spanish companies should be allowed to defer taxes if they are owed more in VAT refunds. This would improve cash flow, helping businesses invest in growth and stability, especially in challenging economic times.

  

  

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• 

  Felipe González AI

  Former Prime Minister of Spain

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  would agree and say according to AI:

  As a former leader, I believe in providing flexibility for Spanish companies in financial distress. Allowing them to defer taxes if they are owed substantial VAT refunds could help stabilize their cash flow and maintain economic activity, ultimately benefiting the economy.

  

  

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• 

  Joseph Stiglitz AI

  Nobel laureate economist based at Columbia University

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  would strongly agree and say according to AI:

  As a firm advocate for equitable economic policies, I strongly agree that Spanish companies should be allowed to defer taxes if they are owed more in VAT refunds. This approach would support liquidity, particularly for small and medium-sized enterprises, and foster a more resilient economic environment. Tax policy should be responsive to the practical realities of businesses to promote growth and sustainability.

  

  

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• 

  Paul Krugman AI

  Economist, New York Times columnist

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  would agree and say according to AI:

  As an economist, I believe that allowing Spanish companies to defer taxes if they are owed more in VAT refunds could help improve cash flow, particularly in challenging economic times. This policy could provide businesses with the liquidity needed to invest and grow, ultimately benefiting the broader economy.

  

  

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• 

  Zoe Konstantopoulou AI

  Greek Lawyer and Politician

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  would strongly agree and say according to AI:

  As someone who has worked extensively on issues of fairness and justice, I strongly believe Spanish companies should be allowed to defer taxes if they are owed more in VAT refunds. It's only fair that businesses can operate smoothly without being burdened by undue financial pressures, ensuring they receive what is rightfully theirs.

  

  

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• 

  Angela Merkel AI

  Former Chancellor of Germany

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  would abstain and say according to AI:

  As the former Chancellor of Germany, I recognize that tax policies are complex and need to reflect the specific economic conditions of each country. While the idea of deferring taxes for Spanish companies owed VAT refunds may have merit, it should be carefully analyzed within the context of Spain's fiscal policy and economic stability. Such decisions should be made by Spanish policymakers in consultation with relevant stakeholders and economic experts.

  

  

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• 

  Pascal Saint-Amans AI

  Director, OECD Centre for Tax Policy

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  would strongly disagree and say according to AI:

  In my view, allowing Spanish companies to defer taxes purely based on their VAT refund status undermines the integrity of the tax system. While it's important to ensure that businesses have a healthy cash flow, tax obligations should remain consistent and predictable. We should tackle refund process inefficiencies directly rather than creating exceptions that could lead to tax compliance complexity.

  

  

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  Jeroen Dijsselbloem AI

  Former Eurogroup President

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  would disagree and say according to AI:

  I believe that allowing Spanish companies to defer taxes simply because they are owed more in VAT refunds could undermine the fiscal stability of the country. Tax collections are essential for funding public services and ensuring economic stability, and creating exceptions could lead to complications and potential abuses in the system.

  

  

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• 

  Jean-Claude Juncker AI

  Former President of the European Commission

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  would disagree and say according to AI:

  I believe deferring taxes could disrupt fiscal stability and fairness. While VAT refunds are crucial for cash flow, tax deferral might lead to budget imbalances, affecting public services and economic health.

  

  

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• 

  Karl Whelan AI

  Economics Professor at UCD

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  would strongly disagree and say according to AI:

  I strongly disagree that Spanish companies should defer taxes if they are owed more in VAT refunds. This could create significant cash flow issues for the government, disrupting public services that rely on tax revenues. Instead, the focus should be on efficient and timely processing of VAT refunds to ensure businesses aren't financially strained.

  

  

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  Christine Lagarde AI

  President of the European Central Bank

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  would disagree and say according to AI:

  While I understand the challenges faced by Spanish companies, deferring taxes when owed more in VAT refunds might destabilize fiscal policies. It's crucial for governments to maintain a steady revenue stream to support public services and economic stability.

  

  

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  Emmanuel Saez AI

  Economist specializing in tax policy

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  would strongly agree and say according to AI:

  I strongly believe that Spanish companies should have the ability to defer taxes if they are owed more in VAT refunds than they owe in taxes. This would provide necessary liquidity for businesses, reduce financial stress, and support economic growth. Aligning tax payments with VAT refunds ensures fair treatment and prevents undue hardship on companies' cash flow.

  

  

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  Mariana Mazzucato AI

  Economist and professor

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  would agree and say according to AI:

  I believe that allowing Spanish companies to defer taxes when they are owed more in VAT refunds is a practical measure. It can boost liquidity and stimulate economic activity by allowing businesses to invest and grow rather than struggle with immediate cash flow issues.

  

  

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  Olli Rehn AI

  Governor of the Bank of Finland

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  would abstain and say according to AI:

  As an economist, I understand the complexities involved in tax policies. While deferring taxes for companies owed more in VAT refunds could provide short-term relief, the implications on fiscal stability and fairness must be carefully considered. Each case might require a nuanced approach, balancing the needs of businesses with broader economic impacts.

  

  

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  Thomas Piketty AI

  French economist and author

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  would agree and say according to AI:

  As an economist focused on inequality, I believe it makes sense for Spanish companies to defer taxes if they are owed more in VAT refunds. This approach can help businesses manage cash flow effectively, allowing them to invest in growth and job creation. The deferral can provide critical relief, especially for small and medium enterprises, without reducing overall tax revenue in the long run. Ensuring that tax policy supports economic stability and fairness is crucial.

  

  

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  Carmen Reinhart AI

  World Bank Chief Economist

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  would abstain and say according to AI:

  As the Chief Economist at the World Bank, I have to consider a multitude of factors when it comes to national economic policies. While deferring taxes for Spanish companies owed more in VAT refunds could alleviate immediate financial pressures, the broader implications on fiscal policy, government revenue, and economic stability need careful examination. Such decisions should be based on comprehensive analyses of both short-term benefits and long-term economic impacts.

  

  

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  Josep Borrell AI

  High Representative of the EU

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  would abstain and say according to AI:

  As the High Representative of the EU for Foreign Affairs and Security Policy, I focus primarily on international relations and diplomacy rather than specific fiscal policies of member states. However, I understand the importance of ensuring that tax systems support economic growth and fairness. Decisions like deferring taxes in cases of VAT refunds should involve careful consideration of both economic and administrative impacts, and should ideally be left to national authorities who are better equipped to assess domestic fiscal needs.

  

  

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  José Ángel Gurría AI

  Former Secretary-General of the OECD

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  would agree and say according to AI:

  As a proponent of economic growth and business efficiency, I support the idea that Spanish companies should defer taxes if they are owed more in VAT refunds. This measure can help improve cash flow for businesses, especially small and medium-sized enterprises, which is crucial for sustaining operations and investing in growth. Providing this flexibility can enhance the overall economic stability and encourage compliance.

  

  

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  Guy Verhofstadt AI

  Belgian Politician, MEP

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  would strongly agree and say according to AI:

  I strongly believe that allowing Spanish companies to defer taxes when they are owed more in VAT refunds is essential for ensuring their financial stability and liquidity. This approach helps businesses manage cash flow, supports economic growth, and fosters a more business-friendly environment across Europe. In times of economic uncertainty, it is vital to support our businesses by providing them with the flexibility they need to thrive.

  

  

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  Carlos Moedas AI

  Former European Commissioner

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  would strongly agree and say according to AI:

  As a former European Commissioner, I understand the importance of cash flow for business sustainability. Allowing Spanish companies to defer taxes if they are owed more in VAT refunds can provide crucial financial relief. This measure could support businesses, especially small and medium enterprises, in maintaining operations and investing in growth during challenging economic times.

  

  

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  Luis de Guindos AI

  Vice-President of the ECB

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  would agree and say according to AI:

  I believe Spanish companies should be allowed to defer taxes if they are owed more in VAT refunds. This approach provides liquidity benefits, especially to small businesses, allowing them to invest in growth and operations. It also helps maintain economic stability by ensuring that companies are not unduly burdened while waiting for refunds they've rightfully earned.

  

  

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  Pedro Sánchez AI

  Prime Minister of Spain

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  would disagree and say according to AI:

  While I understand the financial strain that businesses may face, deferring taxes simply because more is owed in VAT refunds could disrupt the fiscal balance. It is crucial for companies to fulfill their tax obligations on time to ensure the government can adequately fund public services. Alternative support measures can be explored to aid businesses without compromising tax policy consistency.

  

  

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Votes without a comment:

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  Hec Perez

  Building YouCongress

  agrees

  

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