the minister of Hacienda, Maria Jesus Monterohas made a mess worthy of Groucho Marx when talking about the new tax that the Government intends to impose on the bank and companies energetic. Paraphrasing the famous dialogue of “the contracting party of the first part”, he has assured that they are going to prohibit companies from transferring the tax to their clients, but that, if they pass it on -despite being prohibited-, it would not be so bad either because the companies would earn more and pay more taxes.
“In any case, the Government wants the prohibition of transferring this tax to the price paid by consumers to be included in the rule itself and will be entrusted to the CNMCas was done with the subsidy to the fuelsmake regular reports and monitor and, in the event of irregular behavior in the market, develop its capacity sanctioning», he explains in an interview with the newspaper Infolibre.
However, he goes on to add: “But I also want to say that if companies pass it on, they will have more Benefits and therefore they will pay more: it is designed so that it is dissuasive and companies do not transfer the tax ».
The Government does not know how to design the tax
With this new contradiction, the minister once again highlights the improvisation of the measure, and even goes so far as to admit that they still do not know how the tax is going to be designed: “The Government has decided to launch a fiscal figure that allows a tax to be levied on energy companies -electricity, gas and oil- and financial entities , with a technical definition that we are finalizing”, “The details of the tax are being finalized by the technicians”, he acknowledges in two moments of the interview.
OKDIARIO already announced that Theresa Rivera had not revealed the design of the new tribute to the sector in the meetings it held last week, and that the reason is as simple as that the Executive does not yet know how it is going to do it.
In the economic world, it is taken for granted that these new taxes will never see the light of day or, at least, will be much more decaffeinated than announced, something usual with all the populist measures adopted by Pedro Sanchez. As this medium has also reported, the PNV is pressing to exclude companies with fiscal headquarters in the Basque Country, and the BCE has also notified Nadia Calvin of the impact it may have on the solvency of banks. In addition, there are serious doubts about its constitutionality and the affected sectors intend to appeal it to the courts.