General satisfaction with the decision of the Constitutional Court

The Constitutional Court admitted yesterday to the appeal brought by the central government last July against the draft Law on the Generalitat of Catalonia for the application of the tax on the non-productive assets of legal persons, known as the 'luxury goods' tax, which would tax, among other assets, recreational vessels in the name of companies, which are not used for productive activity but for private uses. The above-mentioned law, the proposal of which was adopted at the plenary session of the Parliament of Catalonia on 26 April, is hereby suspended.

As ANEN stated through a statement issued at the time, it would be a mistake to consider "luxury good" a small-length recreational vessel (90% of the national nautical market is made up of small-length vessels, of less than 8 meters), and to penalize with more taxes a sector whose activity has an important multiplier effect in the tourism and leisure sectors, the main generators of wealth and employment in Spain.