Given that the details of Europe’s proposed tax to tax energy companies are unknown, and the process progressing in Congress on the bill proposed by the PSOE and Podemos, both same philosophy: reduce ‘falling profits’ of large companies to reduce consumer spending, but they use different formulas. yes ok, under no circumstances is a tax or fee mentioned, but disguised in the form of a “non-tax public patrimonial aid” in the Spanish case, and a “solidarity contribution” in the European case, which each country must decide on the legal figure it uses to achieve this. end. Here are some of the big differences:
Benefits against income
Spanish ‘tax’ proposal – actually a “patrimonial rule have a public nature of non-tax nature to try to overcome legal traps– consists of 1.2% taxation during two years most Income of the all energy It has a turnover of over 1000 million Euros. Inside european caseOn the other hand, the “coordinated, unique and temporary solidarity contribution” is received at the rate of 33%. unexpected benefits (Achieved in 2022, more than in 2019, 2020 and 2021).
European tax excludes electricity companies
The energy tax designed by the Spanish Government is aimed at the entire energy sector (electricity, gas and oil companies) and groups considered private. main operators There are 11 companies in total by the National Markets and Competition Commission: Endesa, Iberdrola, Naturgy, EDP, Acciona, Repsol, Cepsa, BP, Peninsula Petroleum and Petronieves and DISA, According to the latest report published by the steering body Canine Fernandez Released in June 2021.
Meanwhile, the European tax only concerns companies in the industry. Oilgas, coal and refinery, which leaves aside electricity companies. An example is the president of Iberdrola, Ignacio Sanchez GalanEurope on Wednesday endorsed the plan and reminded that the benefits of oil and gas companies are “absolutely alive” right now.
Time
So called “patrimonial benefit tax income tax income for two years (2022 and 2023); The European formula is fiscal year 2022. Although correct, the regulation proposed by Brussels adds that: The European Commission will review the situation by 15 October next year.“when the national authorities have visibility into the solidarity-sponsored gathering”.
Where is the money going?
Solidarity contribution designed by Europe, collection target, In the Spanish case, no. This is due to the legal formula of patrimonial benefit of a non-tax nature. You don’t have to be a finalist that is, you don’t have to dedicate your collection to a specific expense.
In the case of the European tax, according to the proposed regulation, it should first of all be used for financial support measures for energy customers and particularly vulnerable households to mitigate the effects of high energy prices. Second, for financial support measures Helps reduce energy consumption. Third, for financial support measures supporting companies in energy-intensive industries, and finally, financial support measures to improve the Union’s energy autonomy. In other words, some of the funds will be used for investments in the energy transition and new technologies at “European level”.