The Treasury assumes a good part of the package of tax proposals that Sumar put on the table for the negotiation of the 2025 budgets, and will remove the tax exemption for private insurance, to which The insurance premium tax (IPS) will start to be applied at 8%. With this it is expected to generate around 750 million euros per year. The agreement signed yesterday by the coalition partners defends that the exemption enjoyed by private insurance “has a clearly regressive bias, fundamentally benefiting high-income individuals and families”. “Those who have the most will pay more,” second vice president Yolanda Díaz said yesterday.
The insurance sector will wait to know the details of the measure before deciding, but economic sources criticize the fact that the government will legislate against the European leadership, which is committed to promoting membership of the private health insurance. According to data from the employers’ association Unespa, in Spain there are 12.4 million people with a policy of this type.
This adds to the battle that the Executive is having with insurance companies regarding the renewal of the Muface agreement. Asisa, DKV and Adeslas closed the door to the government on November 5 by leaving the competition void and leaving – if this is not remedied – a million and a half civil servants without mutual insurance. The companies consider the offer launched to be insufficient, and are demanding – at a minimum – a bonus of 100 million euros to reach an agreement.
The tax reform project must, however, benefit from the support of the investiture bloc. To achieve this, the PSOE will defend that its content adapts to the transposition of the European directive. However, the text provides not only for an increase in taxation on private insurance, but also for other increases in taxes on capital income, apartments for tourist use, jets and luxury items, or real estate investment companies. for which a removal of the 95% bonus. in the ITP and the AJD is proposed. All this could pose a problem in the ranks of the Junts and the PNV, parties which have pledged not to undertake tax increases.
Added to this is the battle that awaits the PSOE with the parties to its left, due to the abolition of the tax on energy companies agreed with those of Carles Puigdemont. “We will continue working to try to have this amendment approved when it is discussed in committee and otherwise in plenary,” said the secretary general of the Sumar parliamentary group in Congress, Txema Guijarro.
The tribute fell due to Junts’ rejection, for fear that Repsol would transfer to Portugal the 1.1 billion euro project to convert urban waste into fuel proposed for Tarragona.
