Foment del Treball considers that the creation of two new taxes to tax banking and energy companiesit is “counterproductive and unnecessary” and will harm the economy.
The Catalan employers’ association also expresses its concern about the “lack of legal certainty” that can be derived from these new tax figures and, even, “their possible unconstitutionality”.
Specifically, the new tax on large energy companies will tax sales at 1.2% and the banking tax will apply a rate of 4.8% on net commissions and interest, according to the proposed law registered this Thursday by PSOE and Unides Podemos in the Congress of Deputies.
In a statement, the Catalan employers regret that the Government uses the expression “profits fallen from heaven” to justify the application of this new rate to energy companies and financial entities and remembers that all profits, ordinary and extraordinary, are subject to the payment of taxes.
“It is surprising that, despite the fact that it is talked about extraordinary benefitsthe taxable event is based on the volume of sales in the case of energy or the set of interests and commissions, in the case of banks”, Foment points out.
The entity that presides Josep Sánchez Book also warns that “the imprecision of the measures, the uncertainty and volatility of the market”, along with “the lack of legal certainty and predictability of the proposed measures have widened the harmful effect on the reputational image and credibility of the country” . In addition, adds Foment, “this future rule could probably be unconstitutional”.