The Regional Government is addicted to taxes,” said Gonçalo Leite Velho in his first speech in today’s plenary session.
Madeira, recalls the PS deputy, has had the “highest inflation rate in the country” for 31 consecutive months, with the most expensive fuels, and continually rising food costs. A scenario of pressure on families that results in record tax collection.”
In VAT alone, in the same 30 months, tax collection was 313 million euros more than in the same period last year.
“VAT is an excellent business for the Regional Government, as Madeira is still in the PAEF (Economic and Financial Adjustment Programme. Between 2012 and 2024, regional GDP grew by 46%, but VAT revenue grew by 144%.
When they buy something, “Madeirans pay the seller and the Regional Government.”
Samantha Gannon
info at madeira-weekly.com
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