The Treasury assumes a good part of the package of tax proposals that Sumar put on the table for the negotiation of the 2025 Budgets, and will eliminate the tax exemption for private insurance, to which The tax on insurance premiums (IPS) will begin to be applied at 8%. With this, it is intended to generate around 750 million euros annually. The agreement signed yesterday by the coalition partners defends that the exemption enjoyed by private insurance “has a clear regressive bias, fundamentally benefiting high-income individuals and families.” “Those who have the most will pay more,” said the second vice president, Yolanda Díaz, yesterday.
The insurance sector will wait to know the details of the measure before making a statement, but business sources criticize that the Government is going to legislate against the European direction, which is committed to promoting adherence to private health insurance. According to data from the employers’ association Unespa, in Spain there are 12.4 million people with a policy of this type.
This is added to the battle that the Executive maintains with the insurance companies regarding the renewal of the Muface agreement. Asisa, DKV and Adeslas slammed the door on the Government on November 5 by leaving the competition void and leaving – if it is not remedied – one and a half million civil servants without mutual insurance. The companies consider the offer launched insufficient, and demand – at least – an improvement of 100 million euros to reach an agreement.
The tax reform draft must -however- have the support of the investiture bloc. To achieve this, the PSOE will defend that its content adapts to the transposition of the European directive. However, the text not only includes an increase in taxation of private insurance, but also other increases in taxes on capital income, apartments for tourist use, jets and luxury items, or real estate investment companies. for which an elimination of the 95% bonus in the ITP and AJD is proposed. All of this could pose a problem in the ranks of Junts and PNV, parties that are committed to not undertaking tax increases.
Added to this is the battle that awaits the PSOE with the parties located to its left, due to the withdrawal of the tax on energy companies agreed with those of Carles Puigdemont. “We are going to continue working to try to get this amendment approved when it is discussed in committee and if not, then in plenary,” said the general secretary of the Sumar parliamentary group in Congress, Txema Guijarro.
The tribute fell due to the rejection of Junts, due to fear that Repsol would transfer to Portugal the 1.1 billion euro project to convert urban waste into fuel proposed for Tarragona.
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