MÉS for Mallorca wants to tax companies who profited from pandemic

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Proposal came from Miquel Ensenya
Proposal came from Miquel Ensenya Credit: MÉS for Mallorca

MÉS for Mallorca wants to tax companies who profited from pandemic according to spokesman in Balearic Parliament Miquel Ensenya.

Always happy to give advice, it recommends that the National Government create a working group to study the creation of a rate of excessive profits derived of the outbreak of the Covid-19 pandemic.

This special tax would be temporary and would be levied against companies and public institutions which have signed ‘millionaire contracts’ so that the former can help with their activity to combat the consequences of the pandemic.

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Pharmaceutical companies would be the main target as many of them received large injections of public capital to rapidly develop vaccines against Covid-19.

He indicated however that “this tax could establish exceptions and limitations for companies as long as they justify that this excess of profits derived from the pandemic will be destined to investment plans in innovation that serve to create employment, the improvement of the salaries of its workers or the preparation of stocks in the face of increasingly common supply problems.”

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