Santander and Unicaja will enchantment the brand new design of the banking tax agreed by the Government and its companions throughout the framework of the brand new tax reform, in line with studies Europa Press. This units a charge that may final three years and that may tax banking entities progressively based mostly on their turnover, with a charge that may vary between 1% for the smallest entities and seven% from 5,000 million. euros of earnings.
Both entities did the identical with the earlier tax, which was accepted to tax earnings in 2022 and 2023 as a result of improve in rates of interest. The remainder of the entities haven’t but commented on the matter. Sector sources consulted by Europa Press They affirm that if earlier than they thought of it “unconstitutional” as a result of it was a “hidden” tax, now it’s the Government and its investiture companions that “recognize it by approving it as a tax” and never as a property profit.
Thus, they take into account that this determine that has simply been accepted nonetheless doesn’t adjust to the rules of the General Tax Law for taxes and, particularly, that of financial capability, which is included in article 31 of the Constitution.
The AEB and CECA associations, by means of a press release, have “frontally” rejected the choice to include a brand new tax on the banking sector resulting from its “serious effects” on the financing of households and firms, funding and the financial system as a complete. below a context of geopolitical dangers and with robust financing wants in Spain and Europe they usually affirm that the brand new tax will subtract 50,000 million of latest financing from households and firms. AEB and CECA have reiterated their intention to take authorized measures.
“This tax is unparalleled in EU countries, which is why it harms the competitiveness of Spanish credit institutions and the economy as a whole, and lacks technical justification because monetary policy has entered a new cycle of lowering interest rates.” rates of interest”, they added. They have additionally criticized that the measure represents the fragmentation of the interior market resulting from its completely different software between autonomous communities and in addition affirm that there’s a “signaling” of a sector whose goal “is to work for economic growth and social progress.”
According to Europa Press calculations, CaixaBank, BBVA and Santander are the banks most affected by the brand new design of the banking tax, which fits from making use of a charge of 4.8% to a progressive charge till reaching 7% for entities whose curiosity and fee margin exceeds 5,000 million euros. According to the design of the tax, CaixaBank, BBVA and Santander may have a charge of seven% when registering earnings above 5,000 million euros, whereas Sabadell could be taxed on the charge of 6% and Bankinter and Unicaja could be within the vary of 4.8%.
https://cincodias.elpais.com/companias/2024-11-21/santander-y-unicaja-recurriran-el-nuevo-impuesto-a-la-banca.html