less than ten days from 20 Februarywhen is the deadline for Pre-paid Government tax from the moment they can begin their resourcesenergy companies conclude their work strategies dealing with a lien being considered unfair for all. The big companies shouted loud and clear—some more, some less. objection to the fee none of them plan to tax 1.2% of their sales in Spain, but none dare. First while turning their faces up cards.
When asked to the main employers the possibility: Objection to the decision of the Ministry of Finance As recommended for banking from the Spanish Association of Petroleum Product Operators, where declaration models are issued (AOP), specify “currently” they are not in; during aelecemployer Iberdrola, Endesa and EDP, declined to comment. your president, Marina Serranostated this Tuesday Spanish Television that they “analyze” it.
mountaineer He recalled that Brussels had proposed to countries to introduce a tax for oil and gas companies (no for electricity companies) that would affect profits, not sales. For electrical European Commission brought a cut to its extraordinary benefits renewable energy and nuclear, but much lower than what already exists in Spain. For his part, in an interview with El Economista this week, Francesco StaraceOwner CEO of Italian Endesa InsideWith regard to a possible legal objection to the tax, “no longer analyze with everything detailBecause it is not that easy” is an income tax, something he describes as ‘rare’. “We will decide when this analysis is complete“, added.
Most of the ideas from companies always come from their own senior executives after that analyst questions Inside result presentation It’s possible that they’ll clarify their plans next week as the annual accounts start flowing in. CEO of Repsol, Josu Jon Imamhas always been one more strong oil companies at all conferences with analysts No extraordinary benefits and if their results are record-breaking this year (by June, they won more than all of last year), Red numbers of 2019 and 2020 and “no government mentioned support these extraordinary losses.”
“I have no doubt that our constitutional framework, the Spanish legal system and our European domestic legal system will help us. to protect Against arbitrary measures, the rule of law and legal certainty are essential, especially European Union. So let me say I’m comfortable,” Imam said in July of last year. In October he insisted he would do “everything possible” to avoid it.
It is always categorical in line with Imaz Ignacio Sanchez Galan. head iberdrolaIn his 9-month presentation of results, Spain’s largest electricity company said that they would go to court if offered. tax sales and not profit It was sustained because it would be “contrary to European directives”, citing Serrano’s repeated defense that Brussels advocates penalizing oil companies and penalizing profits, not revenue. “Ours lawyers “They will work as efficiently as ever to defend shareholders.”
Naturgy was limited to adding a brief reference to the first half results, stating that the tax will have a “significant impact” on their annual accounts. The government had predicted 4,000 million total collections Within two years of the tax coming into effect, only after the parliamentary process (where businesses outside Spain and the regulated portion are exempt from tax), the Bank of Spain halved the collection capacity of the new taxes.
Source: Informacion
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