This is the third banking entity to object to the new tax, alongside employers AEB and CECA.
Euskaraz irakurri: Kutxabankek helegitea aurkeztu du bankuen ezohiko irabaziei ezarritako zergaren aurka
kutxabank has appealed to the national court against the rates for extraordinary bank profits approved by the Government of Spain, as the EITB has been informed. It also asked precautionary measures such as the suspension or suspension of the order.
Kutxabank is not the first bank to appeal against the tax. Previously, Bankinter and Abanca also did it, in addition to the employers’ associations AEB and CECA.
The notice of appeal has been formally filed by cajasur, an entity that belongs to the Basque group, since by law it is the entity that is obliged to pay the full tax corresponding to the Kutxabank group, which, they argue, “undermines” its “equity”. It is estimated that Kutxabank would have to pay about 50 million euros for these fees.
In this sense, sources at Kutxabank have explained that its governing bodies made this decision “for a necessary governance issue” and “as a way to protect its shareholders, the banking foundations.”
Similarly, the group believes that the new tax “It brings uncertainty and a competitive disadvantage to the industry compared to its competitors”under which he calls smaller banks, digital banks and European entities.
Kutxabank claims that its tax contributions to the state treasury have “increased” in recent years, amounting to more than 400 million euros per year.
The large electric They have also joined the judicial offensive against the tax: the association that brings together the main electricity companies in Spain (Iberdrola, Endesa and EDP) today announced its decision to also appeal to the National Court.
Euskadi estimates that this new tax will raise 400 million euros in two years. Economy and Finance Minister Pedro Azpiazu yesterday hoped to have the first payment of that money in May, although at this point the exact amount that will come in that first installment is unknown.
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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.
