When the Plenary Session of Congress ends this Thursday, the Finance Commission will meet again to vote on the law on the complementary tax on multinationals, which includes an amendment that drop the energy tax. This is an agreement that the PSOE reached with Together for Catalonia and Basque Nationalist Party (PNV) and that would have to have been approved in committee last Monday to advance towards the debate in plenary.
However, it was not like that. Republican Left and EH Bildu They stopped the vote because neither they nor Can They want to allow the tax to fall with their vote. Since then, the different parties have not stopped negotiating.
All sources consulted see “very difficult to reach agreement“. The positions are as follows. The PSOE, Junts and PNV agreed to drop the tax on energy companies and convert the banking tax into a progressive tax depending on the size of the entity and taking into account the evolution of interest rates.
Sumar does not want the tax on energy companies to fall, but he agreed with the PSOE on a tax package with a series of measures that they consider important – raising VAT on tourist rentals, a luxury tax and the end of the SOCIMI tax regime – in exchange for their support. In any case, Sumar will keep alive and take, if necessary, to the Plenary Session, his commitment to maintaining this tribute. Podemos, ERC and EH Bildu maintain, in essence, a common position: they are categorically not giving their votes to lower the tax on energy companies.
In that sense, a voice abertzale knowledgeable about negotiation insists on conversation with Public in which his position is clear. “There is predisposition to reach an agreement, but it will not be in no case voting in favor of the tax drop.” In EH Bildu there is discomfort with the PSOE for having yielded to pressure from PNV and Junts and they don’t want to jump through the hoops. Although the negotiations with the PSOE are concluded separatelythat of the abertzales It is a sensation very similar to that transmitted by Esquerra sources.
Negotiations could drag on until the last minute
They comment that they cannot be asked to vote against his principles: let those who have more pay more. With everything and with that, the negotiations remain open and could be extended until the last minute. The doubt also remains as to whether the PSOE could be offering some type of compensation. Nobody assures, on the other hand, that if an understanding is not achieved there will not be another suspend voting in committeeas happened last Monday.
The different parties are reticent when it comes to talking about the details of the conversations, since it is in everyone’s interest to end up reaching an agreement and they do not want contaminate the dialogue. “You already know that I don’t speak during negotiations,” he slipped Maria Jesus Monterofirst vice president of the Government and Minister of Finance, in a media address in the halls of Congress.
The most transparent match, without a doubt, has been Can. The purple ones made public on Tuesday that they had proposed to the PSOE to extend for six months the current extraordinary tax on energy companies to gain negotiation time. As this media has learned, for the moment there has been no response from the socialists.
In addition to the tax on energy companies, there are other fiscal measures that may not go ahead.
But the unknowns do not only focus on the tax on energy companies. The negotiations, government sources explain, have not taken place in a single forum, but rather have been crossedjust like the agreements and, also, these same sources recall, the “vetoes.”
Although Sumar has agreed on a fiscal package with the socialists, not all of the measures included in that package are guaranteed sufficient support in the Finance Commission this Thursday. The end of the special tax regime for listed real estate investment companies (SOCIMI), and the increase in tax pressure on private health insurance These are two of the measures that could be in the air.
The Socimi have initiated a pressure strategy after learning of the agreement to eliminate their special tax regime
From Sumar they report that some of the issues agreed upon with the PSOE are also agreed upon with right-wing groups such as Junts or the PNV and, therefore, would be shielded from the commission’s vote. This would be the case of the increase in two points of taxation in personal income tax on capital income above
the 300,000 euros.
However, after the pressure strategy initiated by the SOCIMI after learning of the agreement between those of Sánchez and those of Díaz, some groups on the right could choose to vote against, which puts the majority at risk so that they can move forward. .
TO few hours before the votenot only does an eventual agreement to save the tax on energy companies seem very far away, but other measures and even the law itself to set a 15% effective minimum rate on Corporate Tax for large multinationals are not guaranteed.
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