2023-12-16 13:45:58
The review of the tax on energy and banking to make it permanent it will not be immediate, but will be carried out in the “last quarter of 2024”, as revealed by the Spokesman for Economy and Finance of the Sumar Parliamentary Group, Carlos Martin Urriza, through the social network X (previously, Twitter). The tax, which in principle ends on December 31 of this year, is applied to the results for 2022 and 2023but it is paid in February and September 2023 and 2024respectively.
This clarification of Martin Urriza about the times arrives in the final stretch of the yearwhen the Executive is immersed in the negotiation on what measures approved in the energy crisis it will maintain during the coming months, and after the crossed statements this Friday between the first vice president and the minister of Economic Affairs, Nadia Calvinoand the second vice president and Minister of Labor, Yolanda Diaz, regarding the bank lien.
Neither of the two vice presidents spoke of eliminate taxes; but while Calvino put the emphasis on “adjusting” its design given the differences between the current scenario and the past — “there is no longer such a rapid rise in interest rates or energy prices,” said the first vice president –, Díaz defended that “the agreement between PSOE and Sumar must be fulfilled and respected” and emphasized that “those who have the most, they have to contribute more.” “The pre-tax profit data of energy and financial entities are overwhelming, therefore, more than ever, they have to contribute,” he added.
The agreement for the formation of the new coalition Government between PSOE and Sumar includes the review of both taxes to “readapt and maintain them” once the “current application period” expires with the objective that both sectors “continue contributing to the tax justice y al support of the welfare state“. In their first year, they contributed a collection of 2.9 billion euros, of which some 1,645 million corresponded to energy companies and ones 1,263 million to financial entities. In the second, the total amount is expected to be similar.
But the specification regarding the times for reviewing its design also comes after learning of Calviño’s election as president of the European Investment Bank (EIB). The current leader of the entity, the German Werner Hoyer, his term ends on January 1, 2024 and although the Spanish Executive has not clarified when the replacement of the person in charge of coordinating Spanish economic policy will take place, it seems difficult for it not to occur before the last part of next year.
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In its current form, both taxes They are actually a ‘public property benefit of a non-tax nature’ – to try to overcome legal obstacles in its approval in the Congress of Deputies – that is taxed with a 4.8% interest and commissions obtained in Spain from the banks that in 2019 had income from these two items equal to or greater than 800 million euros and with a 1.2% income from energy companies with a turnover of more than 1,000 million euros, also limited to its activity in this country.
In the case of energy taxthe President of the Government, Pedro Sánchez, advanced a week ago that his redesign would avoid penalizing new renewable investments, after Repsol announced that it was freezing its ‘green’ investments in Spain while waiting to have greater visibility on the taxation proposed by the new Government. “We are seeing that the energy price It is holding back, it remains high, but it is reducing. And we are also seeing that there are Industrial projects that also need that coverage of an energy policy that in some way stimulates, encourages these big investments in renewable energy for this Industrial projects. Therefore, we are in that redesign work phase to see how we can also encourage these industrial projects,” he said in an interview on ‘Espejo Público’.
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