The associations AEB and CECA consider that the Government’s decision to present today in the Congress of Deputies, through the parliamentary groups that support the executive, a new tax on banks is a measure that will not achieve its objective of combating inflation and, furthermore, will hinder economic recovery and job creation, in a context of rising prices and geopolitical tensions.
Likewise, it is necessary to highlight that the Spanish banking sector has been making a significant contribution to the economy and to Spanish society, as well as to the sustainability of public spending also through specific taxes. A measure of this type affects the credit and risk decisions of institutions, and also their competitive capacity in the European single market.
Following the registration of the bill on the levy, the banking associations are analyzing the technical details and maintain our willingness to engage in dialogue with the Government and with the parliamentary groups during its processing, on the basis of proper alignment with the basic principles of our tax system such as equality, non-discrimination and economic capacity.
