The companies integrated in Aelec submit their appeal to the National Court one day after the bank has done so
The electricity companies join the corporate front against the new extraordinary tax that taxes the industry’s revenues, along with banks and other energy companies, after appealing the tax to the National Court. This is the second legal appeal by part of the sector against the tax introduced by the government since January 1, which will be in force for two years and is expected to raise around €7,000 million.
The companies integrated in the Association of Electricity Companies (Aelec) have decided to file a contentious administrative appeal with the National Court against the ministerial order of February 2, which includes the extraordinary tax on the sector. They argue that the tax is “discriminatory and unjustified”.
The employers Aelec believe the tax is “unique in Europe” because although the EU has imposed a tax on oil and gas, this has not been the case on the activity of electricity companies. They believe that “Spain is penalizing a key sector to promote the necessary change in the energy model, not just globally, but specifically Spanish.” For the association, “it is essential that Spain accelerates its energy conversion in order to have its own energy resources that reduce dependence on foreign energy.”
On the other hand, they insist on their refusal to configure the tax by taxing the earnings of the companies and not the benefits. They also believe it is “discriminatory” because “a certain number of electric companies” will be charged for being larger, compared to other companies, which are exempt.
And they insist the tax is “a fiscal inconsistency” by taxing revenues that had already been restricted and regulated since September 2021. The government then capped electricity sales at €67/MWh, from which a reduction in electricity benefits were imposed. Therefore, they believe that “the concepts billed by the government through the electricity sector, which do not bring any benefit to the electricity companies, are taxed.”
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
