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The NBG will ask the Senate to suspend the VAT hike.

Madrid, March 20 .- The Senate plenary debate next Tuesday a motion urging the Government of BNG to suspend the VAT hike in July.

According to a statement from this group, the motion states that the increase in the VAT will have a negative effect on consumption and impede economic recovery.

Senator Manuel Perez Bouza Xose BNG is confident that the initiative succeed because it, star trek online credits, offers "something completely reasonable, which shares the vast majority of society."

"It would be the first parliamentary initiative passed out and asks the Government to listen to society and rectify," says U.S. Senator.

The BNG adds that the increase in VAT-two points in the general rate, which moved from 16% to 18%, and, tera gold, a point in the reduced from 7% to 8% - will have a greater effect on the population and middle-income low, and pensioners.

As measures to offset the revenue loss would mean the suspension of the VAT hike, the BNG proposes the recovery of capital gains tax, new installments of income tax for high incomes or a more determined fight against tax fraud.

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