Podemos wants to double the special tax for banks, from 4.8 to 9.6 percent

Canpartner in the coalition government, proposed a doubling special tax on banksraising the tax from 4.8 to 9.6%, according to Europa Press.

The announcement was made this Saturday by the secretary of the party program and spokesperson for United We Can in Congress. Pablo Echeniquejust one day after learning that six banks listed on Ibex (Santander, BBVA, Sabadell, CaixaBank, Bankinter and Unicaja) must pay 1,120 million euros together tax administration after applying this rate to entered interest and commissions.

Echenique claims that this increase they propose is in line with the increase in the profit of financial institutions (14%), which in the whole first quarter of 2023 earned 4.696 million euros net. In addition, he justified the measure by claiming that they wanted to protect the Spanish families of the “vultures”.

Purple formation requires allocate half of the collected money to the construction of the Social Responsibility Fund to help vulnerable households, which would provide aid “to halve the rise in mortgages for those families”, he explained, before once again asking his PSOE partners to limit the difference to 0.1% of variable mortgages of less than 300,000 euros for one year.

The announcement happens at the door of some municipal elections and at employers AEB and MINT on the warpath against liens they consider “confiscating”. Some affected companies have already appealed the tax in court, considering that legal certainty is threatened.