MADRID, 4 Oct. (EUROPA PRESS) –
The Minister of Finance and Public Function, María Jesús Montero, stated this Tuesday that the Government will evaluate permanently applying the proposed temporary tax to banks, after the two years of application provided for in the parliamentary initiative.
At the press conference after the Council of Ministers, Montero recalled that the proposed law registered by the PSOE and United We Can to apply a temporary tax to large energy companies and banks in Spain, contemplates the application of a provisional tax for the next two years, that is, 2023 and 2024.
“Once that period is over, we will evaluate the performance of this fiscal figure and the moment we live in, which I hope that by then, we will no longer be in this situation of invasion in a part of Europe and, therefore, we can consider things and the fiscal policy of the contribution of those large companies in a calm way”, the minister stated.
However, the Government maintains the forecast that the tax will be applied for two years. “We will evaluate it at the end”, he stated in this regard, after recalling that the fiscal policy of the current Executive “is very clear”: “Compared to those who protect the economic elites, like the PP, we protect the social majority from this country”.
At the end of July, the Government presented a bill to temporarily tax the income of energy companies and the margins and net commissions of large financial entities, with the aim of raising around 7,000 million euros between 2023 and 2024.
Specifically, the parliamentary initiative includes a tax of 1.2% of the turnover of large electricity, gas and oil companies. It will be in force during 2023 and 2024 and will seek to collect 2,000 million euros a year from the extraordinary profits of these companies in 2022 and 2023.
For large financial institutions, the tax will seek to raise 1,500 million euros each year. Specifically, a rate of 4.8% will be applied to its interest margin –interest collected less paid– plus its net commissions –collected less paid.
In July, the Government proposed an “exceptional and temporary” tax aimed at “the large financial entities that have already begun to benefit from the rise in interest rates”, which, in principle, will last for two years – on the financial years 2022 and 2023– and that it will seek to raise 1,500 million each year.
