Press release on the Constitutional Court ruling regarding the Tax on Deposits in Extremadura

November 22, 2012

In relation to the Constitutional Court ruling, made known today, which dismisses the appeal of unconstitutionality filed by the Presidency of the Government on March 27, 2002 against Law 14/2001 of the Assembly of Extremadura, which establishes a tax on deposits held by credit institutions, the AEB wishes to state:

The Spanish Banking Association abides by the Constitutional Court ruling. However, it considers that this ruling highlights the need for regulations to be enacted to prevent the fragmentation of the internal market and, in particular, the financial market.

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