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    <title><![CDATA[Ara Balears in English - successions]]></title>
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    <ttl>10</ttl>
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      <title><![CDATA[Heirs have saved 808 million euros thanks to the Prohens tax reduction.]]></title>
      <link><![CDATA[https://en.arabalears.cat/politics/heirs-have-saved-808-million-euros-thanks-to-the-prohens-tax-reduction_1_5471199.html]]></link>
      <description><![CDATA[<p><img src="https://static1.ara.cat/clip/8adb704f-f80d-4aa5-be5c-2bef909c81a6_16-9-aspect-ratio_default_0.jpg" /></p><p>The wealthy are the main beneficiaries of the tax cuts that Marga Prohens's government has implemented during her term, especially with regard to the reduction in inheritance and gift tax, which has resulted in a loss of €808 million in public accounts over the last two years. An example is the three heirs who saved nearly €55 million in this tax in 2024, while the two who stopped paying €27 million respectively, according to data obtained by the PSIB through a parliamentary question and confirmed by the Ministry of Finance. However, sources within the government maintain that the tax reform also benefits the middle class and ensures that assets "remain in the hands of families on the islands, avoiding the need to sell them."</p>]]></description>
      <dc:creator><![CDATA[Anna Mascaró]]></dc:creator>
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      <pubDate><![CDATA[Thu, 14 Aug 2025 20:59:27 +0000]]></pubDate>
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      <media:title><![CDATA[A document for filing inheritance and gift tax.]]></media:title>
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      <subtitle><![CDATA[The 175 recipients of assets exceeding four million euros are those who have failed to pay the most money into the public accounts.]]></subtitle>
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