The proposed reform of the contribution system for self-employed workers that the Government recently presented to the social agents already has almost as many detractors as defenders.

According to recent reports from experts about the measure to make the group start to contribute based on real income will have advantages for the self-employed, who will substantially improve the pension in most cases by adjusting their monthly fee to their income, but it can also be a source of inequity for the public pension system.

Specifically, the experts from the Research Group on Pensions and Social Protection conclude that if the Government’s plan is substantiated, which initially provides for thirteen different contribution tranches , one individual from the general scheme and another from the self-employed scheme, both with the current base minimum of 13,300 euros per year, they will contribute 3,763.9 and 3,300 euros, respectively, for common contingencies in 2032 and, nevertheless, they will obtain the same pension for the same career and retirement age.

An effect that occurs because the pension is calculated on the declared regulatory base and not on the volume of contributions made.

In the same way, if the base were 22,000 euros per year, the contribution would be 6,226 in the general scheme and 3,660 in that of the self-employed (41% less), to obtain the same pension.

The calculation of retirement takes into account the regulatory bases and not the contributions contributed
For the maximum base of 48,841 euros per year, the price returns to approximate, being 13,822 in the general regime and 12,900 in the Reta. This is reflected in a recent study by the Santalucía Institute on Modifications to the Special Regime for Self-Employed Workers:

Towards a rupture of the current scheme of the pension system , where, on the one hand, the proposed reform is valued by a very positive modification: the consideration of tax returns as the basis of contribution. “But it also has very negative elements, among which it stands out that there are different implicit contribution rates according to tax returns, which gives rise to inequities,” the experts warn.

In addition, it is appreciated about the distribution of the future contribution bases and contributions for the self-employed once the reform is completed, a certain imbalance between the contribution proportion and the future benefit received among the group itself.

“If we focus on the fees to be paid in 2032, we can carry out another study to analyze inequities within the self-employed system itself,” point out the expert authors of the document. Thus, if we normalize to the unit the quota paid and the pension that the self-employed with a minimum base will charge (13,300), it can be seen how the self-employed with intermediate bases obtain a better pension in relation to what is quoted than the self-employed with low or high bases .

Therefore, the experts conclude that these inequities that may arise with the general regime and even among the self-employed themselves, go beyond a simple anecdote, since, in some way, “bankruptcy” the status existing until now in terms of the unification of the type of contribution by schemes.

“This modification will give rise to inequities, breaking the principle of contributivity because in Spain the calculation of the retirement pension does not depend on the type of contribution, but on the contribution bases,” says the Group of Experts on the measure.

The Government is evaluating the possibility of suspending some taxes present in the electricity tariff to moderate its final cost for the consumer. The Government does not rule out suspending some taxes, as it did in 2018 , when faced with an escalation in prices, it suspended the 7% tax on electricity generation for six months and deactivated the “green cent” for fuels for electricity production.

The price of electricity does not stop rising. This Wednesday it reached 94.63 euros per megawatt / hour (MWh) in the wholesale market, the third highest price in history, according to data from the Iberian Electricity Market Operator (OMIE).

If historical records are analyzed, this figure has only been exceeded by the 94.99 euros MWh that it reached on January 8, during the Filomena storm and the daily historical maximum, registered on January 11, 2002, which was 103, 76 euros.

All of the above will have an impact on the final electricity bill. According to the analysis carried out by FACUA-Consumidores en Acción on the evolution of the semi-regulated tariff (PVPC), “if the prices applied from June 1 to 15 are extrapolated to a full month, the average user bill would suffer an interannual increase of 27 , 53 euros and would stand at 88.11 euros (taxes included). It would be the second most expensive bill in history , with only 88.66 euros ahead of the first quarter of 2012 “.

The interannual increase of these fifteen days represents 45.4% for the average user compared to June 2020, when the monthly bill stood at 60.58 euros. The average user’s bill last May was 82.13 euros.

The average user used by FACUA in its analyzes has a contracted power of 4.4 kW and a consumption of 366 kWh per month. It is a profile prepared after the analysis of several tens of thousands of invoices for inhabited houses.

Regarding the percentages of consumption in the three time frames of the new billing system , the association has taken as a reference the current average user profile without hourly discrimination published by the CNMC, which consumes 45% of electricity in off-peak hours 29% during peak hours and 26% during normal hours.

The rise in prices is taking place in part due to the entry of the new bill, but mainly because gas prices are at their highest in the last decades. In addition, the price of CO2 emission rights (authorizations for power companies to use fossil fuels to generate electricity) have risen sharply in recent months in an attempt by Brussels to accelerate the decarbonization of the economy. However, it must be borne in mind that 70% of the cost of electricity is regulated by the Government.

What does the Government propose?
To combat this rising cost of electricity, the Government does not rule out suspending some taxes again, as it did in 2018 . It must be remembered that around 70% of the electricity bill are regulated costs that are largely made up of taxes.

The Minister for the Ecological Transition, Teresa Ribera, said this Wednesday in the Congress of Deputies that, together with a ” serious reform of energy taxation “, in which the Government is already working, “it is not ruled out that before a tense situation, like the current one, we have to go back to doing what we already did at the time “.

Measures taken in 2018
In 2018, the Government, given the rise in electricity prices in August and September of that year, adopted a series of measures , including the suspension for six months of the tax on electricity generation of 7% and introduced an exemption in the Hydrocarbon Tax to deactivate the tax known as “green cent” on fuels for electricity production.

At that time, Ribera explained that the suspension of these two taxes would have an impact of around 4% on the bill of domestic consumers.

In the negotiation of the extension of the agreement, the second agreement of related companies (CEV), Telefónica has accepted the proposal for the introduction of the four-day work week. But it will be limited and will mean a salary cut, although the company will compensate the loss of the eight hours a week without working from the payroll with a 20% plus.

Telefónica will be the first large company in Spain to explore the four-day work week. The company will start with a three-month pilot test that will start from October this year.

The agreement reached with the unions in the framework of the negotiation of the II CEV is part of the company’s proposal for the proposed measures to improve the workforce balance. Unlike the four-day working day that the Government has been evaluating , that of Telefónica will mean a reduction in the gross salary of the job.

According to CCOO and UGT, Telefónica’s final proposal includes a formula to incentivize a “flexible bonus week” with a bonus, which will represent 20% of the fixed remuneration items . Telefónica sources have declined to comment on this measure and indicate that the negotiation is not yet closed. The agreement to extend the collective agreement is expected to be signed next week and will affect a total of 18,500 workers, who are part of Telefónica España.

From the beginning the unions have put the 4-day workweek on the table. The model accepted by the company will mean a four-day working day from Monday to Thursday .

The unions have explained in the statement that “once the pilot moment has passed and therefore is consolidated, the flexible week has been conceived according to the basic criteria of voluntariness, reversibility and universality, except in specific cases that have to do with the organization. and provision of the activity, in which case they will be analyzed “. Applications for the flexible week will be limited to 10% of the total basic address.

Once the pilot program is finished, the fringes on this type of employment will be outlined. After this test, the company will assess the acceptance by the workforce and the possible problems that may arise in order to define the scope and internal processes to follow, union sources explain.

Improvement in teleworking conditions
Telefónica’s final offer to renew the agreement also improves teleworking conditions. The agreement ensures as a right of Telefónica workers to be able to access telework, “as long as their task allows it” a minimum of 2 days a week , exceeding the day of the previous agreement, which may be increased by 3 or 4, being able to reach a full week in fortnightly periods, when the activity allows it and there are organizational possibilities. The measure has the potential to benefit 10,000 Telefónica employees , according to the unions.

In addition, the agreement specifies material to exercise telework with the provision of a computer, Smart PC or similar, as well as helmets, a corporate mobile line with unlimited data, the maintenance in the current terms of the exclusive discounts for employees and employees regarding fixed connectivity, the inclusion of the ergonomic chair. It also adds the recognition of the second home for the development of teleworking.

The company has improved the proposal for the salary improvement from 0.9% to 1.5% of the salary bill , including the salary guarantee clause referring to the evolution of the CPI.

As the Hexo Corp industry continues to advance, more and more companies are moving to get their stocks listed on major US stock exchanges, such as the NYSE or NASDAQ.

Canadian medical marijuana producer Aphria Inc debuted on the NYSE on November 2, 2018. Prior to that, the company’s stock was sold over-the-counter in the US and on the Toronto Stock Exchange. Reaching the NYSE lists is a big step for Aphria, thus opening up to a larger pool of investors.

Aphria thus joins a relatively small club of public (NYSE: HEXO) companies. Given the federal incertidubre that continues to surround Hexo Corp plans in the United States and in most of the world, few companies cannabis choose the path of being listed publicly in order to raise funds and even fewer are actions pure-play (pure and exclusively marijuana).

Public Hexo Corp Companies and Other Ways to Raise Capital
Cannabis companies can typically raise funds from venture capital firms , or they can list their stocks.

Listing a stock allows you to raise funds from a larger number of investors. At the same time, a share that is bought and sold publicly can be volatile, and even more so in an emerging sector such as the Hexo Corp business.

While being listed on major stock exchanges like the NYSE and NASDAQ requires adherence to strict transparency and accountability rules, it also gives investors a signal that the company is serious.

Related Content: How to Invest in Marijuana Stocks in the United States and Canada

Our team compiled a list of (NYSE: HEXO) companies that appear on the NYSE and NASDAQ, including a description of the company’s performance in this sector. In the first part of the list, we focus on pure-play stocks , that is, companies whose main business is (NYSE: HEXO).

New Bizum Restrictions Begin Today With These Limitations . It seems that lately, on the 15th of each month, important changes arrive to the apps we use the most. If in May WhatsApp was the application that filled pages in the press due to its new conditions of use , today it is the turn of another of the most used in our country: Bizum.

Paypal, Twyp, Bizum, WhatsApp or Verse allow you to pay without the need for cash.

Complete guide to using Bizum: how to settle accounts between friends?
The instant account-to-account payment service via mobile gave the news at the end of April that, as of June 15, it would limit some of its uses, specifically the number of bizums that a user can receive per month .

As confirmed by the company itself to 20BITS , from today the number of monthly payments by Bizum that you can receive is reduced to 60, compared to the 150 that were allowed until now , that is, the change reduces the figure to less than half.

The measure affects only payments between people – individuals, not companies – and the company, which by 2021 has set the goal of reaching 20 million users and having 18,000 online businesses that accept Bizum, does not believe it will have a direct impact on those who use the service.

Why does Bizum reduce the number of payments we can receive per month to 60?
When we asked Fernando Rodríguez, Bizum’s Business Development Director, the reason for this change explained to us that one of the main reasons why this decision has been made is the lack of use : “After more than four years of service, we adjust the operation to the reality of the most common use among bizumers, of which only 0.07% receive more than 60 bizums per month ”, he stated.

Bizum recipients receive an average of 4.3 trades per month
Not only is it that very few exceed the new limit imposed, it is also that most do not even reach a tenth of it: the recipients of bizums receive an average of 4.3 operations per month , “very far of the limit of the 60 that we have fixed ”, emphasized Rodríguez.

Bizum reduces the payments you can receive from 150 to 60 per month. They ensure that only 0.07% of their users perform more than 60 and for safety.

Which banks have Bizum and does it have commissions? How are transactions justified?
Thus, the change that becomes effective today has the purpose of “continuing to adjust the use of the service to the reality of the users, always aiming to guarantee security”, pointed out the Director of Business Development at Bizum. We are talking about a service offered by financial institutions through banking apps and, therefore, ” security is one of the fundamental attributes on which it relies “.

But what does the company intend to fight against? “By reducing the limit of operations received, it is more difficult to use Bizum to receive funds improperly,” stated Rodríguez. This could be a fancy way of saying that with these new conditions you want to deal with payments in the black .

It is important to note that this measure affects only the reception of operations, that is, any user can continue to send as many bizums as they want per month . The rest of the conditions also remain as before: the amount allowed for each operation is between 0.5 euros and 1,000 euros, you cannot receive more than 2,000 euros per day and, at most, 30 recipients can be included in each Shipping.

However, entities can add extra limits, so if in doubt you should check with your bank.

Bizum
All the answers about Bizum: how does it work? How long does it take for the money to arrive? Who can use it?
Currently, more than twenty banking entities include this option among their services and it has almost tripled its users in just two years, going from 6 million in 2019 to 15 million in the last balance in 2021.

The secret is its simplicity, since it is a very easy to use and very comfortable service. You only need your phone number and that your bank offers the service , which in Spain is the most likely.

Competition initiates a file to Santander, Sabadell and CaixaBank for the ICO lines. Investigate the requirement to contract other products to obtain the credits.

The National Markets and Competition Commission ( CNMC ) has initiated a disciplinary proceedings against Sabadell , Santander and CaixaBank (including Bankia) for possible restrictive practices in the sale of ICO guarantee lines promoted by the Government for aid to SMEs and the self-employed.

Specifically, the CNMC indicates that it is investigating the link to different products that these banks would have required as a condition for clients to be able to access said financing. It also analyzes the use of credits as a mechanism to restructure existing financial debts.

Both practices were prohibited by the regulation set by the Government and, in the first weeks, it generated some controversy , since SMEs and the self-employed denounced the requirement by some entities to hire insurance or other products to get loans, which counts with a state guarantee of up to 80%.

The behaviors analyzed originate from certain information that the CNMC received through a mailbox set up for this purpose . The Commission activated this channel during the state of alarm last year for companies and citizens to inform the institution of possible anti-competitive practices that were taking place in relation to aid against Covid.

After the analysis carried out, the CNMC considers that the actions of the investigated banks would deviate from the good faith required in their relationships with customers . Consequently, their practices could have altered the economic behavior of consumers who came to these entities to subscribe for ICO credits. According to the CNMC, it could represent a distortion of free competition and would have affected the public interest.

From now on, a maximum period of 18 months is opened for the investigation of the file and for its resolution, without the initiation of this file prejudging the final result of the investigation.