Poor regulation loses marine sector millions

The employers claim the passivity of the Government and accused him of having «ideological prejudices» The marine industry poorly regulated Balears costing hundreds of millions of euros in investments that do not run and taxes are not paid, as reported yesterday by the president of the umbrella organization for companies linked to this activity, Bartomeu Bestard. And all this with the passivity of a Govern who was accused of not defending the necessary changes «in front of Madrid», he added. The president of the Federation of Nautical Balears reported damage caused by the Spanish tax system, the only one to apply a registration tax levied on 12% of the value of the vessel and its equipment.
(diariodemallorca.es, March 19, 2011)
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