The Government’s tax reform, barring a major last-minute surprise, will go ahead this Thursday in Congress. The agonizing negotiation that the general secretary of Podemos, Ione Belarra, and the Minister of the Presidency, Félix Bolaños, held throughout the night from Wednesday to Thursday, came to fruition around 1:00 p.m. this Thursday, when the purples announced through a statement that They will vote in favor of the tax reform in a few hours in exchange for extending the tax on extraordinary profits of energy companies throughout 2025.
This extension, however, must be “compatible with not taxing investments that are committed to decarbonization”, as Junts demanded and as agreed with the Ministry of Finance, as explained in the Podemos statement. This implies that the purples, as they already opened to do on Wednesday, They assume that the tax will include a cut in the form of exemptions for those companies that make investments in renewable energy, a safeguard with which Junts aspires to achieve its great obsession: that the tax does not affect Repsol, which has threatened to withdraw money from its plant in Tarragona if it has to pay the tax on its profits, which in 2023 amounted to 3,168 million euros net.
To design the new tax, which Podemos assures that it has agreed with the Treasury that will be permanent, the Morados have agreed with the Government to constitute “in the coming days” a “negotiating commission with the participation of all the political parties necessary to approve this reform “. In reality, the great novelty of the agreement announced this Thursday is precisely that: that The Executive kicks forward and buys time (two months, until the end of the year) to reach an agreement with all its partners. What is in doubt is not whether there will be a tax – according to Podemos, Junts has already committed to that – but the degree of tax exemption that it will include: the independentistas want it to be enormous, and the purple ones, as small as possible.
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