Plenary session of Congress approves taxes on banks, energy and the rich

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Madrid (EFE) inflationary.

The bill that regulates taxes went ahead with 186 votes in favor, 152 against and 10 abstentions.
The coalition government had the votes in favor of EH Bildu, ERC, Compromís, Más País and BNG, while PP, Cs and Vox positioned themselves against, in an ideological debate between those who believe that poverty is reduced by creating more wealth and those who argue that it must be done by transferring income from those who have the most to the most vulnerable.

In a more pragmatic intermediate plan, we have placed the PNV and the PDeCAT, which abstained because, although they share the philosophy of these taxes, they consider that their deficient design leads them to nullity and to return the product “at the expense of the citizens from whom they now want to protect themselves”, in the words of PNV spokesperson Idoia Sagastizabal.

Photograph of a branch of Banco Santander. EFE/Fernando Bizerra Jr.

“When the courts issue a negative decision, let no one say that the courts work for the rich,” warned Ferrán Bel, of the PDeCAT.

“The political and patrimonial responsibility for the enormous damage they will cause to the budget of all Spaniards is yours and yours alone,” said Gabriel Elorriaga, of the PP, in a harsher tone, after Cs and Vox have also influenced doubts about the constitutionality of the three levies.

Taxes on banks, energy and large fortunes will be collected in 2023 and 2024

That of banks and energy companies because they consider that they do not tax exceptional profits but respectively the operating margin and invoicing, and that of large fortunes because it constitutes in practice a non-reducible wealth tax of a state type that interferes in the financial autonomy of the autonomous communities.

Among those who have come out in favor of the taxes are EH Bildu or ERC, who believe that they are insufficient and should be implemented on a permanent basis, even though EH Bildu agreed during the commission process that two years from now, an evaluation would be made by part of the government to decide whether they are maintained.

Also with EH Bildu, it was agreed in committee that the foral treasuries of the Basque Country and Navarre manage taxes on banks and energy companies, although in reality they have no place in the Basque concert or in the Navarre agreement because they are not tax figures but benefits from assets in the form of tax.

View of the headquarters of the Spanish energy multinational Naturgy. EFE/Juan Carlos Hidalgo

“They will not be able to collect or manage them. The one who will collect will be the Spanish government and what the Mixed Concert Commission will do is negotiate a certain economic compensation”, specified sagastizabal, of the PNV.

The Basque MP, who regretted that in recent days there had been no willingness to negotiate more changes, recalled that last week, together with PDeCAT, they managed to prevent both regulated electricity tariffs , gas and butane as revenue from electricity and gas transmission and distribution networks.

Likewise, all revenues obtained from production facilities with regulated remuneration and additional remuneration in non-peninsular territories, including those of the market, as well as all billings obtained outside Spain, have been excluded from payment.

CC spokeswoman Ana Oramas complained about the lack of negotiation, which only proposed an amendment so that income from the distribution of butane and gasoline to non-capital Canary Islands would not be counted for corporate energy tax purposes.

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