The first vice-president of the government and Minister of Finance, María Jesús Montero, gives in in her attempt to submit the tax reform to the verdict of the Congress of Deputies, because she does not have the support of the left nationalists, ERC, Bildu and even government partners, Sumar. “Come on and we’ll see.” » explain socialist sources, specifying that support is pending in the final phase of the negotiations. The Finance Committee will decide next Monday whether or not to approve the tax package and the amendments proposed by the different political groups.
The tax reform of the socialist wing of the government began yesterday to be studied behind closed doors in Congress, in its presentation phase, and adopted the procedure leaving the sword raised, since it only included technical amendments which have nothing to do with the tax. on banks and energy companies.
The presentation approved by majority to include the law, the main objective of which is to establish a 15% global minimum tax for multinational corporationsonly four PSOE amendments concerned this new tax born from the transposition of a European directive.
The rest of the amendments for maintain the bank tax, increase taxes on tobacco, tax electronic cigarettes (vapers)reform corporate tax or increase capital income, have been excluded from the report so that they will be debated next Monday at the Finance Commission, a meeting which will already be open house.
At this meeting next week, the future of the budget package will be decided given the impossibility of reaching a general agreement due to the division of the investiture bloc. The Catalan group Junts wants to abolish the tax on energy companies – it has also proposed an ambitious modification of the articles aimed at fiscally supporting SMEs.
Sumar, ERC, Bildu and Podemos demand its maintenance in the face of record profits recorded by companies in the sector. In its proposals, the PSOE ignored the extraordinary tax on energy companies, which expires on December 31.
Discount rate
Next week will be debated a set of proposals that include the agreement signed between the PSOE and the PNV to convert the bank tax into a tax on the interest margin and commissions of the entities, so that it can be managed by the provincial treasuries and enable their management. to soften.
It is designed with a new progressive character which will increase from 1% to 6% depending on the taxable base and allowing the deduction of 25% of the Company’s expenses.
Experts from the Foundation for Applied Economic Studies (Fedea) consider that the proposal from the government and the PNV is “a fine for a sector hostile to the government majority” rather than a typical tribute to the rule of law.
Ángel De la Fuente, president of the Foundation, accuses the decision to create the tax of an amendment “to avoid mandatory reporting” which, in his opinion, could “raise serious objections to a proposal of more than constitutionality doubtful.” Consider that this could generate legal and economic problems: This goes against legal certainty and discourages the activity of financial entities.
