The Congressional Finance Committee approved this Monday a two percentage point increase in personal income tax for savings income above 300,000 euros, from 28% to 30%, but he canceled the maintenance of the bank tax with the abstention of ERC, Bildu and BNG.
The commission, within which it was negotiated and amendments were exchanged until the last minute, He also approved the reduction in corporate tax for cooperatives and companies billing less than one million euros and the improvement of taxation of artistic activities.
An increase in social contributions for non-profit sports clubs and associations was also approved. The maintenance of the bank tax remained in the air until the last moment – an alternative text was recorded, agreed by the PSOE, Sumar and Junts, in which an additional section was included – and there was even a tied vote (due to the abstention of ERC, EH Bildu and BNG), although ultimately the text fell due to the weighted vote.
These initiatives are integrated into the bill which establishes a minimum corporate tax rate of 15% for multinationals, which is still awaiting a vote in the Finance Committee, as is the rest of the government’s tax package and the amendments presented by the rest of the groups, including those calling for the maintenance of the tax on ‘energy.
The debate within the committee took place in an atmosphere of high tension and confusion, with pauses, long technical discussions and signs of confusion from all parliamentary groups on the subject of the vote. The rejected amendments can remain in force – and therefore be debated and voted on again – during the plenary session which will be held next Thursday.
