Luís Laginha de Sousa
President of CMVM
“Speed up the investment of savings through the capital market. Taxation (…) is an unavoidable means of positively influencing the behavior of economic agents”
“Encourage the competitiveness and attractiveness of national companies and their opening to the market. This requires diversified financing, including through the market, also expanding opportunities for investors”
“Reinforce the stock of long-term savings. The 2nd and 3rd pillars of the pension system must be strongly increased, as they constitute fundamental instruments to address several challenges that the country faces”
Carlos Rodrigues
President of Maxyield
“In terms of IRS, the special rate (category G) must be reduced annually until it reaches 20% and the liberatory rate (category E) up to 15%. Revert the current levels to the levels before the arrival of the troika”
“Simplification of taxation in the retail capital market, separating taxation of income from individual investments from gains from collective investments through investment funds”
“Introduction into the political agenda of the implementation of Savings & Investment accounts within the scope of the European recommendations of the Savings and Investment Union”
Isabel Ucha
President of Euronext Lisbon
“Creation of savings-investment accounts, along the lines recently proposed by the European Commission (…) with a very simplified tax regime, which in particular waives declaratory obligations”
“Creation of a private pillar of savings for retirement, which complements the currently existing public regime. It is the countries that have private pension systems that are able to have greater volumes of savings invested”
“Extend financial literacy initiatives related to savings and investment, particularly taking advantage of and implementing European Union initiatives”
Emanuel Silva
CEO of IM Asset Management
“Advance with savings-investment accounts, common in other economies, capable of channeling savings into productive investment, through simple rules and lasting benefits”
“Revitalize Retirement Savings Plans — funds and insurance —, critical instruments to guarantee future income and strengthen national savings”
“Strengthen tax incentives, simplify access to savings products and decisively develop the 2nd pillar, through collaboration between the State, companies, the financial sector and citizens. This complement to the PPR creates stability and regular contributions”
Soraia Leite
Institutional Relations Director Deco Proteste
“Lower the tax on savings products. The tax burden on interest rose to 28% and never fell, making Portugal one of the most penalizing in the EU”
“Creating a tax-free savings account up to a certain amount would help households build a true emergency fund and would be an important lever to reinforce savings in the country”
“PPRs lost their attractiveness with the cut in benefits and limits on deduction. Recovering autonomous tax incentives is crucial to stimulate long-term savings and guarantee better future pensions”