Economy 3 collects the opinion of our CEO Miguel Ángel Molina Martínez on Possibility of a wealth tax at European level: "It is very complex and I think it would not be feasible now," he says. "It could affect the free movement of capital... a Spanish citizen could have three taxes for the same reason: regional, state and European... Taxing wealth is in the spotlight and in Spain in particular a question of unconstitutionality has been admitted for processing," he adds.
Miguel Ángel Molina points out that the lack of fiscal unity in the European Union makes the creation of such a tax very difficult. He explains that even corporate tax has not been harmonised in the EU, which further complicates the viability of a wealth tax, "although work is already underway on it".
