The Labor Union of Alicante Province (Uepal) warned today about possible political agreements regarding a hypothetical amendment to the Capital Companies Law or other regulatory changes It can change and directly affect the freedom of companies to establish their headquarters wherever they wish.As stated by its president César Quintanilla this Friday. Uepal leader says agreements between Spanish Government and Junts per Catalonia An example of “political interventionism that creates legislative dumping in favor of some regions over others.”.
According to Quintanilla, this question means:Significant legal uncertainty for companiesdistortion of markets (through sanctions or bonuses) and the difference between regions that may make some more attractive than others due to a political agreement alien to economic and market reality.
According to Epal, companies’ freedom to make decisions should be guaranteed without “protections that conform to principles alien to business strategies or economic analyzes carried out by those responsible.”
On behalf of the president of Uepal, “Right now the economy needs certainty, not political, regulatory or regional fluctuations. Employment, productivity, the international situation and the needs to seek new markets and be attractive to foreign investment require political leaders to focus their attention on politics for the people, not for the regions. “These issues are issues that require agreement among all political forces.”