Finally, there will be a bank tax in 2025 after receiving the green light from Congress. This tax is controversial, as is the energy tax (which the government has promised to approve in the future), because it is allocated to punish fiscally to a specific sector. But there is still fodder for controversy, since Its design will allow dumping prosecutor of provincial treasuries. That is to say the Basque Country and Navarre.
The bank tax will replace the extraordinary tax and must be agreed with the provincial treasuries. It will enter the tax system sovereign Basques and Navarrese, this is what the PNV required to give the green light to the tribute.
In this way, the Basque Country and Navarra will have the possibility to decide whether or not to reduce this tax and to what extent, a possibility that the rest of the autonomy will not havesince they will not have the powers to do so (even if the income obtained will be distributed among all the regions).
SO, Provincial territories will benefit from a competitive advantage compared to the rest of the autonomysince they will be able to offer a reduced and attractive taxation for agents of the financial sector in other regions of Spain.
The state will also agree with the provincial treasuries on the additional tax on large multinationals, which aims to achieve minimum taxation of these large companies.
It was one of The main complaints of the PNV to support the bank tax. Above all because the tax that existed until now was not amenable, manageable or subsidized by the Basque Country and Navarre.
The same statement applies in the case of a possible tax on energy companies. But here the situation is more complicated.
Starting with the supports. Unlike the banking sector, Junts does not want a tax on energy companies, arguing it would endanger investments in Cataloniadespite the fact that the Ministry of Finance assures that there will be bonuses for companies that invest in decarbonization.
However, the promotion of this tax is part of the pacts that the PSOE has concluded to carry out the tax on financial entities. Part of these agreements also provided that, if the new tax figure could not be agreed before January, the tax on energy companies would be extended until 2025 by a royal decree-law.
But it is an executive order that seems unlikely to prosper and be approved by Congress. Not only because of the more than likely rejection of Junts, but also because The PNV will not accept a tax that it cannot introduce into the Basque concert.
In any case, the Basque Country has already requested the convening of the negotiating commission with the State to address the issue of taxes on banks and multinationals. Navarra has not yet taken the plunge. And, faced with the situation, the rest of the regions are already protesting.
The Spanish.
This is the case of Andalusia. In the interview with EL ESPAÑOL-Invertia, Carolina España, Minister of Economy, Finance and European Funds, protests against “the injustice that is being created, because they had promised to a group of parties that they were going to extend the tax on the energy companies, but others, like Junts, had received promises not to do so.
Thus, the advisor considers that it is necessary “to give the PNV, Basque Country, the possibility of subsidizing this tax on energy companies, with which companies could go there if this were the case…” There is absolute discrimination. It is an injustice, a lack of equality of territory, of solidarity, of lack of equality between Spaniards.“.
A possibility of dumping which will exist in the case of the bank tax. We will see that if this tax discrimination affects energy companies… if the tax is implemented, of course.
