The PNV has repealed the tax on energy companies and has announced an agreement with the Executive of Pedro Sánchez for a new bank tax. The training jeltzale has reached an agreement on the Global Minimum Tax Law for the coordination of taxes on banks and multinationals through the Joint Concert Commission.
The PNV has achieved compliance with the agreement with the Spanish Government for the consultation with regulatory capacity of the taxes on multinational groups and banks to the regional institutions. This pact was introduced in the anti-crisis Decree approved by the Council of Ministers on December 27 of last year.
The socialist group has registered several amendments to the Bill establishing a complementary tax to guarantee a global minimum level of taxation for multinational groups and large national groups, and what has been agreed has the approval of the institutions basque so that they are integrated into the regional tax system and the agreement is carried out through the Joint Concert Commission.
The energy tax will decline due to external factors to training jeltzale-due to Junts’ refusal to maintain it indefinitely- which has shown its willingness to convert said tax into a tax and agree on it. In addition, the PNV has presented a correction to stop fraud in hydrocarbons.
The Global Minimum Tax (for large multinationals) follows the guidelines of Pillar 2 of the action plan against base erosion and profit shifting of the Organization for Economic Cooperation and Development (OECD). A minimum tax rate of 15% is established on large multinationals to generate a common set of rules to determine the tax base of Corporate Tax in the European Union. The tax will be applied to those companies with a net amount of their consolidated turnover equal to or greater than 750 million of euros.
In the provincial territories, a minimum rate of 15% is already applied to the Corporate Tax, but for provincial treasuries to be part of this Global Minimum Tax for multinational groups means putting the future bases of the Economic Agreementsince this type of taxes will become a fundamental axis of the European tax system, the PNV said in a statement.
Specifically, the amendments agreed with the Basque group for the agreement on taxes on large multinationals and banks include, in the scope of application section, a regional safeguard that establishes that the new taxes will be applied through the foral tax regimes of Concert and Economic agreement in force, respectively, in the Historical Territories of the Basque Country and in the Foral Community of Navarra.
This complies with the Economic Agreement Law, which establishes in its second additional provision that in the event that new tax figures, the pertinent adaptation of the Agreement will be carried out Economic to the modifications that the aforementioned ordinance may have undergone.
Axis of European taxation
The PNV spokesperson in Congress, Aitor Esteban, has stated that the agreement reached with the central government to negotiate the tax on banks and multinationals “benefits all Basque citizens.” “It wasn’t easy to get, but finally we will be able to move forward,” he celebrated.
Esteban has been “very satisfied” for having reached a “complicated” agreement with the central government on the tax on multinational groups so that it can be agreed upon and become part of the Basque Economic Agreement and, in this way, “ensures its future.” , because that’s going to be the great axis of European taxation in the coming years.”
“In addition to that, we have also achieved that the banking tax is also part of the Economic Agreement, it is agreed upon and we can also have, as in the other previous tax, own regulatory capacity”he highlighted.
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