The Treasury is studying different formulas to counteract the downward fiscal offensive that the PP has initiated with the abolition of the Patrimony tax in Andalusia. The Ministry is considering the possibility of launching a new tax aimed at large assets that would come into force on January 1, 2023, such as taxes on energy companies and banks, and that will be temporary, Minister María Jesús Montero explained this Thursday in the halls of the Congress of Deputies.
The Government has not yet closed any decision, indicate sources of the negotiation. The technicians are proposing measures and doing simulations. But the political decision has already been made: there will be a tax on large fortunes that will come into force in just over three months. The spirit of the measure, which had been stopped until now by the socialist wing of the Executive, is that "those who have the most pitch in."
One option on the negotiating table made up of PSOE and United We Can is a new rate. For this, it would have to be approved through its own law, via a bill, as has already been done with the taxes on energy companies and financial entities that are in parliamentary proceedings. The new taxes, even if they are temporary, have to be created through an autonomous law.
Another option could be to raise the highest income tax brackets, which could be articulated through the 2023 General State Budgets under negotiation. The conversations are open, they admit.
The Government reacts with this initiative to the fiscal offensive that Juanma Moreno Bonilla has unleashed in Andalusia. In the Treasury they assume that it is impossible to stop the decision to abolish the Patrimony tax since any change that supposes a "harmonization" of the transferred taxes, as Montero's experts proposed, should be accompanied by a reform of regional financing. The Executive needs the PP to execute it, something impossible at this time.
This tax harmonization, which should set a range when discounting certain transferred taxes, will not be possible until the next legislature, government sources admit. That is why this decision has been made: to respond with a tax increase to those who have the most.
If it is translated into its own law, the Government will launch on January 1 up to three new taxes focused on what Moncloa calls "the powerful": that of the great fortunes, that directed at energy companies (which is subject to changes at waiting for what the EU decides with its own rate) and that of the banks. Those affected by the last two have already warned that they will raise a legal battle.
