Congress will debate the amendments of ERC, PNV, PP and Vox on taxes


The Congress of Deputies will debate the opposition’s amendments. The Government has decided this Wednesday to withdraw the vetoes that it had communicated the day before to 70 partial amendments presented by the different parliamentary groups to the bill of law on encumbrances on banks and energy companies, which also includes a new tax on large fortunes.

As parliamentary sources have confirmed to Europa Press, the Executive has rectified and has admitted to debate in committee the proposals made by the PP, Vox, Citizens, Compromís, ERC or PNVafter the presentation only included in its opinion the amendments raised by the coalition partners.

Thus, among the initiatives that will finally be discussed will include the proposals of the PP to tax the extra benefits of energy companies with 33% with activity focused on oil, gas and coal. On the side of the bank tax, the ‘popular’ proposes to exempt financial institutions from the tax and create a contribution fund.

And it is that the Government proposes to tax the turnover or income at 1.2% for energy companies and 4.8% for banks. The minimum turnover required to apply this tax will be 1,000 million euros in the case of energy companies and 800 million in the case of credit institutions.

The PNV is also added to the idea of ​​taxing profits and not billing, which also proposes a 33% tax on extraordinary profits, since, in his opinion, the turnover itself “It is not indicative of the benefits obtained.”

Ciudadanos threatened to go to the TC

Regarding the movement of the Government, the deputy of Ciudadanos, Edmundo Bal, has referred, who has indicated that thanks to the work of his formation, which also presented an amendment to the entirety to propose alternative taxes, the opposition “has achieved a first rectification”. “We will continue working until this botch job that goes against the EU is stopped,” Bal remarked in a message through his Twitter account.

The main novelty of this bill is the introduction of a new tax on large fortunes that will complement the patrimony, with the idea that those assets that the three millions of euros cannot be exempted by the bonuses of the regional governments.

This tax will be 1.7% for assets between 3 and 5.3 million euros; 2.1% for assets between 5.3 and 10.6 million, and 3.5% for assets greater than 10.6 million euros. In addition, for the determination of the taxable base of this tax, the rules contained in the wealth tax law will be applicable, so that a reduction is included for the minimum exemption of 700,000 euros.


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