The government of Spain approves the extension of the tax on major energy companies until 2025

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The extension until 2025 is a commitment by the Spanish government with Bildu, ERC and BNG, which PNV and Junts oppose for various reasons, including because the investments of these companies could be jeopardized.

He Council of Ministers approved a decree law this Monday that extends until 2025 tax on large energy companiesAccording to the President of the Spanish Government Pedro Sanchez.

At a press conference, the president explained that the rule introduces “a tax incentive” so that strategic investments essential for the ecological transition and decarbonization can be tax deducted. “What we are doing is demonstrating that additional efforts may be needed from energy companies, while at the same time continuing with our roadmap to a low-carbon economy and promoting industrial projects that are as important as the production of green hydrogen,” Sánchez said.

The extension until 2025 is a commitment by the Spanish government with ERC, Bildu and BNG, which PNV and Junts oppose for various reasons, including because the investments of these companies could be jeopardized. Sánchez’s executive branch will have to negotiate support for this legal decree, which requires all investiture partners to be ratified by Congress, votes that the country currently does not have. “We are very aware of the complexity of Parliament, but we are going out to win, with humility, but we are going out to win and of course we are not giving up a ball,” the President said.

The PNV spokesperson in the Congress of Deputies, Aitor Esteban, even criticized this Monday that the approval of the decree for the extension of the tax on energy companies is “purito paripé”, since the government of Pedro Sánchez “knows that they do not do”. is going to come true.” In this way, he has reiterated that from his party’s side “the vote is no” against a measure that also “breaks the concert system”.

Source: EITB

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