Ultimately, the law received the support of PSOE, Sumar, ERC, Junts, EH Bildu, PNV, Podemos, BNG and Canarian Coalition; while PP, the far-right party Vox and UPN voted against.
Last Thursday, the plenary session of Congress approved the budget package to introduce the bank tax and a new global minimum tax of 15% for multinational companies.
Ultimately, the law had the support of PSOE, Sumar, ERC, Junts, EH Bildu, PNV, Podemos, BNG and Canary Coalition; while PP, the far-right party Vox and UPN voted against. Former Socialist Minister José Luis Ábalos, now integrated into the Mixed Group, is not present at the votes. So the line that intends to collect 8000 million It was approved by 178 votes in favor and 171 votes against and now goes to the Senate, where consideration will continue.
After a committee that lasted more than seven hours and days of intensive negotiations on Monday, during which there was doubt until the last minute whether the measure would go ahead due to the decision of Can By not supporting it, the Spanish government has finally managed to secure the necessary votes with promises to make the energy tax permanent in a future law or, in the worst case, extend the current tax by legislative decree.
At the moment they are promising because they first agreed with Junts to develop the energy tax on December 31 he then promised ERC, EH Bildu and BNG to approve a decree to extend it and this Thursday he promised Podemos to introduce a tax through a future bill, which, if not before December 31 approved, would resort to the decree route.
The reform also provides for a tax for vapersA increase in tobacco taxesA increase in personal income tax for capital income above 300,000 euros and one lower corporate taxes for SMEsas well as a series of regulatory changes to combat this tax fraud in the hydrocarbon sector.
They are also approved changes in corporate tax which will make it possible to compensate for the effect on the collection of the annulment, by the Constitutional Court, of the reforms carried out by the PP on this tax and which, according to the Minister of Finance, María Jesús Montero, would have caused the loss means of 5,000 million in revenue this year alone.
On the other hand, the increase in the diesel tax to equate it to petrol and many of the measures agreed with Sumar have been left out, such as taxes on luxury goods and large inheritances or the withdrawal of tax breaks for private health insurance.
Immediate response from the bank
Considering the approval to tighten the bank tax by adding a new rate of 7% for financial entities whose interest and commission margin exceeds EUR 5 billion, AEB and CECArepresenting banks and former savings banks have expressed their “absolute rejection” of the tax due to its economic impact.
The associations “frontally” reject the decision to introduce a new tax on the banking sector. For this reason, they have reiterated their determination to undertake this legal actions against the new tax design.
Source: EITB
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
