La presión fiscal generada en la renovación del inmovilizado material en las cooperativas valencianas y en las reguladas por la ley 27/1999

In this paper we aim at quantifying tax pressure generated by the benefits obtained through the sell of tangible fixed assets that are reinvested in cooperatives. To this end, we have considered the cooperatives regulated by Law 27/1999 and by the Valencian Cooperatives Law, taking into account the statutory change that took place in this Spanish region. Consequently, and within the framework of the Company Tax Law an considering the general allowances to offer incentives to these sales/renewals, we have taken into account the special commercial characteristics of the cooperatives as well as their Special Fiscal Status acc. Law 20/1990, where certain fiscal advantages are given to cooperatives that meet the criteria. Results show a negative fiscal pressure for specially protected cooperatives that renew their tangible fixed assets and very reduced taxation levels for the rest of cooperatives.