The government obtained a new oxygen tank on Monday evening – and in the early hours of Tuesday -. After two suspensions last week, the Finance Committee of the Congress of Deputies was able to meet. Neither these two postponements nor the various interruptions of the session which was finally held allowed the Executive to achieve its objectives. save your tax reform in its entiretybut he gained time.
During a vote finally taken after midnight, beyond the additional tax for a minimum taxation of 15% of large multinationals, the Executive only managed to strain THE move to the highest bracket of capital income for personal income taxas well as new taxes on tobacco and vapers.
Added to this is the new tax on banks – which he hopes to recover on Thursday in the plenary session of Congress -, the equalization of taxation on diesel and gasoline or even the end of the special regime for SOCIMI and insurance tax exemption. of health.
It is striking that several of the amendments presented by Sumar and which failed were part of the pact concluded with the socialists, who voted against despite the aforementioned agreement. That is to say, the PSOE vetoed the exemption from the tax on insurance premiums (IPS) or the end of the special regime of SOCIMI, after having agreed a few days ago on these same measures with those of Yolanda Díaz.
Concerning personal income tax, the Finance Commission approved a increase of two percentage points for savings income above 300,000 eurosfrom 28% to 30%. Concerning this same tax, the PNV obtained deductions for energy efficiency work as part of the Recovery Plan.
He also gave the green light to a reduction in corporate tax for cooperatives and companies billing less than a million euros, a improvement of taxation of artistic activities and the social security contribution bonus for non-profit sports clubs and associations.
About him VAT on tourist apartmentswhat has emerged is the commitment to promote a change in the taxation of these leases at European level.
Europe Press
Likewise, the amendments presented in order to put an end to VAT fraud on hydrocarbons and to correct the corporate tax after the decisions against Cristóbal Montoro’s reform were also pronounced. Concerning the latter, the change consists of a limitation of what companies can deduct of this tax based on losses from previous years.
The new bank tax was in the air until the last minute. In fact, the government parties – PSOE and Sumar – agreed with Junts on an alternative text that included additional section. In the Commission, there was a tie, while ERC, EH Bildu and BNG abstained, although ultimately the text fell due to the weighted vote (which takes into account the 350 deputies).
However, after eleven o’clock in the evening and after several hours of suspension of the Finance Commission without stated reason, the parties EH Bildu, ERC and BNG announced an agreement with the Executive to extend the extraordinary tax on energy companies for one year. In exchange, the sovereignists will vote on Thursday in favor of the amendment which includes the new banking tax.
It should be noted that The extension of the tax to energy companies is not part of the tax package which will be debated this Thursday. According to these parties, the Government is committed to approving the said extension in a new royal decree-law, which must then be submitted for validation to the Lower House. And both the PNV and Junts are clearly opposed to this tax.
Europe Press
According to Pilar Vallugera, ERC deputy, vice-president María Jesús Montero “committed” to extending the tax especially on energy. It now remains to be seen whether the Government really approves this decree and whether it manages to gather the necessary support to validate it.
In this sense, the Cash sent a press release almost around one in the morning assuring that “the government maintains its agreement with Junts not to tax energy companies that maintain their effective investment commitment for decarbonization.”
Furthermore, and regarding the consideration for this commitment, it is important to note that the new bank tax —the profits of which would be entirely donated to the autonomy and could be part of the concerts in Navarre and the Basque Country— is not part of the approved opinion by the Finance Commission. On Thursday, it will have to be voted on in the form of an amendment to then be integrated into a final text for which the votes are very close.
Likewise, the rest of the rejected amendments may remain in force – and therefore be debated and voted on again – during the plenary session which will be held this Thursday.
As things currently stand, the government is achieving less than what was proposed, but more than what appeared during the preparation of the Commission. From the degradation of temporary privileges to a horizon of maintaining both. Along the way, an angry session, anger and poorly justified delays which soured the atmosphere until the last minute.
