Why is Catalonia is the fifth most important European region in terms of employment in the technology sector?
Maybe because:
Catalonia also offers one of the most beneficial tax systems in Europe, including significant deductions on Corporate Tax for R&D activities, training, ICTs, offshore activities and environmental investments, among others. Catalonia also has one of the most favourable tax regimes for holding companies in the world.
For companies in Catalonia performing R&D&I (Innovation) activities, Corporate tax reductions of up to 50% can be made by the Ministry of Economy and Treasury.
Wales needs to get the powers to decide it's own Corporate tax rates to compete on a level playing filed with our competitors.