The spokesman said Spanish Ministry of Finance Yesterday, Thursday, Parliament approved a package of laws related to the financial sector, which requires raising the maximum special tax to 7 percent, according to what Bloomberg reported.
Press reports stated that the new ratio will apply to banks that generate revenues exceeding 5 billion euros (about 5.2 billion dollars) annually from interest and fees, and will be applied to Banks Major companies in the country, such as Banco Santander and BBVA.
In a joint statement, the AIB and CECA denounced the banking sector in… Spain These measures are considered “characterized by legal ambiguity and portend economic consequences as a result of a tax that was imposed in a chaotic and lacking transparency process behind the backs of citizens and without dialogue.”
The previous tax rate was 4.8 percent, and was applied to a wide range of banks.
The statement described the tax as “unparalleled in European Union countries, and will harm the competitiveness of banks and the economy in general in Spain.”
