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The organization defends the adaptation of banking and energy taxes to “investment and financial cycles”

The Minister of Economy, Trade and Enterprise, Carlos Body, defended on Friday the maintenance of the permanence of extraordinary taxes on the energy and financial sector, making an adjustment taking into account “cycles and rates of investment and credit.

This was stated, in statements collected by Europa Press, during an economic meeting organized by Northern Castile in Valladolid. In this column, he assured that these figures were used to “cover the social shield” proposed by the government after the Covid crisis and that at all times, they were “compatible” with the “best results in history ” of both countries. sectors.

The minister reiterated that what is “the success of this measure” is its “redistributive” impact, which affected, he insisted, “neither the activity itself, nor competition , nor the solvency of either sector”.

So, the modification that the head of the Economy portfolio is betting on is to “adjust” these taxes, initially they were going to be temporary, but now they will be “maintained permanently”.

And in this adaptation he argued that, in the case of energy companies, the needs and investment objectives of these companies; while in the case of financial entities, the tax must be adapted “to the financial cycle, to the credit cycle, to the rate cycle”.

In this sense, he indicated that the financial cycle will not always be at the point where it is currently and he spoke in favor of taking into account “the impact that this could also have on the own company balance sheets. entities”.

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Katy Sprout
Katy Sprout
I am a professional writer specializing in creating compelling and informative blog content.
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