The Constitutional Court has ruled in favor of the Government against the President of the Government, Isabel Díaz Ayuso, after giving support to the tax on large fortunes approved in 2022.
The sentence included the dissenting votes of the four conservative judges, Ricardo Enríquez, César Tolosa, Enrique Arnaldo and Concepción Espejel. The other seven judges considered to be part of the progressive majority have supported the presentation of Judge María Luisa Balaguer in which there is no trace of unconstitutionality in the tax approved by the Government of Pedro Sánchez in 2022, understanding that it neither invades powers nor generates insecurity. legal.
The presentation believes that the rule does not invade the autonomous powers in fiscal policy of the Community of Madrid. In his direct confrontation with the central government, Ayuso argued that the aforementioned measure not only goes "against savings and investment", but is also designed specifically against Madrid and Andalusia - both communities governed by the PP, as they are regions where the estate tax is reduced.
The regional government's calculations are that the tax will cause the Community of Madrid to have losses of between 1,200 and 1,600 million euros per year because it will stop foreign investments in the region.
The ruling rules out that the new tax supplants the regional powers for the management of transferred taxes, such as the Wealth Tax, which in the Community of Madrid has been 100% subsidized since 2008.
