What are the principles of the tax system?

The tax system adopted by the legislator is based on three principles:

• Fairness: The aim of the scheme is to promote the greatest possible fairness in the financing of the project by ensuring that, in addition to the local authorities, all the various beneficiaries of the infrastructure and associated services contribute: private individuals, businesses, tourists and visitors. With regard to private individuals, the main contributors will be property owners, and the scheme takes into account any increase in property values that may occur as a result of the new high-speed line making the area more attractive.
• Diversification: It complements the budgetary contribution of the local authorities in order to maintain their financial equilibrium by diversifying sources of funding for the project.
• Fair contribution: This applies mainly to property owners and businesses, depending on the rental value of the property concerned, and to visitors and tourists, depending on the type of accommodation they have, in correlation with the intensity of the benefits that these different beneficiaries can expect to derive from the project.

The tax element of the financing is based on the taxpayers most affected by the spin-offs and benefits of the GPSO: property owners. The proximity of a high-speed line station contributes to the economic attractiveness of the area and helps to increase property values. The high-speed line also helps to boost tourism in these areas.