Consell president Vincente Torres and the minister of finance Catherine Kladera have met with representatives of business associations to assess the implementation of the sustainable tourism tax, better known as the ecotax.

The meeting heard that the tax, which makes a ‘per night’ levy on all tourist accommodation in the Balearics, has been implemented as planned since 1st July 2016.

It was announced that there had been no detrimental effect on occupational figures in the tourist sector, which at the end of June exceeded 90%, an increase of 8% compared to figures from the same month last year.

Ecotax Up and Running. Now, How Should We Spend It?
Ecotax Up and Running. Now, How Should We Spend It?

With the taxation now in place without any reported major difficulties, the minister of finance said that “it is time to move forward and engage public and business participation in deciding what investment projects should be financed through the income generated by the tax”.

some interesting ideas were raised in the meeting
some interesting ideas were raised in the meeting