Likewise, the Basque Country will participate in temporary energy taxes and in credit and financial credit institutions. The CAV could receive about 400 million euros in two years for its participation in taxes.
Euskaraz irakurri: Batzorde Mistoak dirutza handien gaineko zerga adostu du
The Joint Committee of the Economic Agreement (CMCE) met today by electronic means to approve the conclusion of the agreement Temporary burden of solidarity of great fortunesjust like the Euskadi’s participation in the temporary energy tax and in the temporary tax on credit institutions and financial credit institutions.
So, after the agreement on the temporary tax of solidarity of large fortunes, complementary to the tax on wealth, it will be included in the Basque economic agreement as coordinated tribute to autonomous regulation with the same validity as the state law that creates it.
For its part, with regard to participation in temporary energy charges and credit and financial credit institutions, the General State Administration will finance Euskadi to cope with the exceptional economic and social consequences of the war in Ukraine and of the supply and supply problems caused by the pandemic caused by COVID-19.
This funding will be 6.24% of the revenue volume generated by these figures in 2023 and 2024 and will be compensated in terms of quota payments. In return, the Basque Country will assume full responsibility for the definition and management of the State aid financed exclusively through the collection of both taxes.
400 million in two years
For example, the Basque Country could receive about 400 million euros in two years for its participation in temporary taxes on energy companies and financial institutions. This has been put forward by the Minister of Economic Affairs and Finance, Pedro Azpiazuafter the telematics meeting.
The projections of the Spanish government are that the state will collect about 6,500 million euros through temporary taxes on energy companies and banks, as explained by the Minister of Finance and Public Functions. Mary Jesus Monteroto the Basque delegation participating in the meeting.
This amount will be used to deal with the “exceptional economic and social consequences” caused by the war in Ukraine and the supply and supply problems caused by the pandemic.
Azpiazu recalled that the final destination of the money obtained through the energy tax is “estimated” and is “more specifically in line with European regulations”.
“Basque institutions will adapt to European requirements; in fact, they are measures aimed at reducing energy consumption, promoting the use of renewable energy and supporting companies and sectors with intensive consumption,” he recalls .
The second tax, on credit and financial institutions, has no such assessed measures and the Basque institutions will assess “those that are needed in Euskadi”.
The tax on large wealth is levied for two years on assets of more than 3 million euros, with a minimum exemption of 700,000 euros.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
