The government decided this Wednesday to withdraw its veto, which it announced the previous day. 70 partial amendments submitted by different parliamentary groups a bill on taxes on banks and energy companies, including a new tax on large fortunes.
According to parliamentary sources confirmed to Europa Press, The Executive corrected the recommendations made by PP, Vox, Ciudadanos, Compromís, ERC or PNV and agreed to debate in the committee, after the presentation it included only the changes put forward by the coalition partners.
Thus, it will finally be among the initiatives to be discussed. PP’s proposals to tax the extra benefits of oil, gas and coal-focused energy companies by 33%. On the bank tax side, it proposes to exempt ‘popular’ financial institutions from taxation and to set up a contribution fund.
And the Government proposes to tax turnover or income at 1.2%. energetic and 4.8% for banks. The minimum turnover required to apply this tax will be 1,000 million euros for energy companies and 800 million euros for credit institutions.
PNV also added to the idea of taxation of profits, not invoicing, which also suggests. 33% tax on extraordinary profits, because, according to him, turnover itself is “not an indicator of profit made”.
Ciudadanos threatened to go to Turkey
Concerning the government’s move, Edmundo Bal, MP for Ciudadanos, thanks to the work of his body, which offered a complete change to propose alternative taxes, opposition “managed first fix”. Bal shared on his Twitter account, “We will continue to work until this despicable work against the EU is stopped.”
The main novelty of this bill is a new tax on great fortunes to complement the inheritance, With the idea that these three million euro assets cannot be exempted from the regional governments’ bonuses.
This lien 1.7% for assets between 3 and 5.3 million euros; 2.1% for assets between 5.3 and 10.6 million euros and 3.5% for assets over 10.6 million euros. In addition, the rules in the wealth tax law will be applied in determining the taxable base of this tax, so a deduction for a minimum exemption of 700,000 Euros is included.
Source: Informacion
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