The Spanish budget minister announced an extraordinary high net worth tax this Thursday to fund anti-inflation measures.
The country announced the imposition of a tax on bank and energy company supervisors last July, inspiring part of the French political class. This week, Pedro Sánchez’s government went further by providing details of a new tax, this time targeting the richest Spaniards. “When we talk about the rich, we talk about millionaires”explained on Spanish TV the minister responsible for the budget, María Jesús Montero.
According to her, this exceptional tax should apply to the taxpayers’ quota “Which, of course, does not exceed 1% of citizens” from country. “This is, of course, a question of protecting the overwhelming majority, 99% of citizens,” he excused María Jesús Montero on La Sexta. The Minister of the Treasury also explained that the taxation is to last two years from the beginning of 2023.
Appeal to the Constitutional Tribunal
The minister did not provide any information on the amounts expected by the introduction of this tax, or the exact form it will take. María Jesús Montero confirmed that the tax on supersegers in the energy and banking sectors will indeed apply from January, despite their fierce opposition.
“ I think it is important that at a time when citizens are already suffering from rising bank interest rates, causing extraordinary spending for them, we can ask the banks to contribute more “He defended the socialist minister. Utility companies and banks have announced that they will apply to the Constitutional Tribunal.