The tax on large energy companies is back in the news. To obtain due parliamentary support for its tax reform, the Government has committed to presenting a Royal Decree-Law that taxes these companies. Although the form and substance are not yet known, the reactions have come immediately. The Círculo de Empresarios believes it is necessary to expand its reflection on the legislative process of tax measures, insisting on “the need to promote legal certainty for the development of company activities and particularly on the legislative quality of the rules.” The organization refers to the data presented this Wednesday by the Spanish Energy Club in which it referred to the 30,000 million euros of investments at risk in three years. Related News standard Yes The bank comes out in force against the tax after the OK in Congress and announces legal actions Daniel Caballero The AEB and CECA associations denounce “the legal uncertainty and the serious economic effects” generated by the tax. They explain that this “reflects the convenience of legislating by previously studying the impact economic aspects of legislative projects on tax matters. Companies are responsible for 61% (181,000 million euros) of the gross formation of fixed capital (295,000 million) in Spain. The reflection that accompanies the previous data, explained by Círculo de Empresarios, “shows that in the legislative proposals of a tax nature that are made outside the General Budget Law, transparency and public hearing of those affected must be reinforced. “, the participation of constitutional bodies such as the Council of State and the analysis of economic impact, and not exclusively tax collection.” For this reason, they argue, there must be “a stable tax system that is far from the natural swings of political negotiation; it constitutes a cornerstone of legal security for companies and investors to invest their capital and thereby contribute to economic and social well-being.” , to the creation of value for society and the generation of jobs. To attract capital in a world of high competition, it is essential to have the clarity, quality and stability of regulatory and tax rules. And the conclusion is clear. They assure that «legal certainty, we insist, is even more important, if possible, in capital-intensive sectors that assume investments in energy facilities with a useful life that can range between 30 and 50 years. The Spanish energy sector is a leader in many aspects in Spain and outside our country, constituting a fundamental part of the economic structure that supports present and future activities of individuals, all types of companies and public and private institutions.
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