In the last few hours there have been several protests that have arisen from the banking sector against the Executive’s decision to maintain the extraordinary banking tax; The last ones have been the employers’ associations AEB and CECA, which have a majority representation among Spanish financial entities.
The extended tax will affect the banks’ income in 2024, 2025 and 2026. The package also included the maintenance of the tax on energy companies, but yesterday, and given the opposition of Junts, it was deactivated until its final end on December 31. December.
Regarding banking, however, the Executive partners agreed ‘in extremis’ to incorporate an amendment to the global minimum rate bill that extends the application of the tax for three years instead of being permanent and makes it progressive, with a rate that ranges from 1% to 6%.
In a very harsh statement, the AEB and CECA associations consider that the decision “affects economic growth” and They threaten to “go to court” in the event that the tax is approved in the announced terms, justifying it by the “unconstitutionality defects” detected in the tax.
In the note, the two employers express their “resounding rejection of a discriminatory tax, which stigmatizes and harms the solvency and competitiveness of Spanish banks» and «it reduces credit to families and companies, especially SMEs, which support the Spanish productive fabric and the basis for job creation», they say.
«It is contrary to the recommendations of international organizations such as the IMF and the ECB, being Spain is the only country that has created an additional tax of these characteristics on the banking margin”, they denounce, defending that “in a context of global geopolitical tension and in which Spain, like Europe, faces the need for million-dollar investments, bank financing is essential so that they can be undertaken.”
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