The tax on energy companies, which the Government wanted to perpetuate, will expire on December 31according to parliamentary sources. The Treasury does not obtain the support of Junts, a key element to advance the initiative, although it negotiated with Carles Puigdemont’s team until 6 p.m., when the deadline to present amendments expired to the articles of the bill. The Treasury intended to stop the change. . Hunter yes he manages to maintain the bank taxwhich will be redesigned to act on the evolution of the interest rate cycle and on the accounts of the entities themselves, as confirmed by the PNV in a press release. However, the reduction in tax on electricity companies will lead to a reduction in collection from 2025. The tax authorities have collected 1,164 million euros through this tax over the last two years.
Junts stressed the need for the rate not to hurt energy companies. Remember that Repsol threatened to transfer its investments to Portugal if the tax persisted. The company led by Josu Jon Imaz plans to invest 1.1 billion euros in a project to convert urban waste into fuel in Tarragona. The PNV would have accepted the continuity of the tax.
For their part, the Basque nationalists confirmed that the amendments agreed with the PSOE will allow taxes on banks and multinationals to be applied through the regional tax regimes of the Basque Country and Navarra, in accordance with the law of the economic agreement . The PNV wanted the figure to be a tribute and to be able to arrange it and “graduate” it on its territory.
The negotiation regarding the bank tax was easier. Industry sources have taken for granted the agreement by which this tax will be integrated into the tax system. Although the details of the tax are not known, the Minister of Economy, Carlos Body, has already announced that it will be adapted to the banking sector so that it has no effect on credit. Last week, the employers’ associations AEB and CECA rejected the government’s request to make this tax permanent and warned of a direct impact on the financing capacity of the real economy, with an estimated loss of 50 billion euros in credit capacity.
