Government and banks have confirmed this Friday that they do not agree. The Vice President of the Government, Nadia Calviño, met this Friday with banking employers and representatives of the country's large entities to argue the need to implement a new tax that directly affects their activity to finance aid against inflation. The sector has once again shown its rejection of this measure and has regretted that the fiscal model that the Executive plans to implement, which is expected to present it next week, has not been exposed to them.
A tax proposed by the IMF in 2010 and other alternatives for the tax increase on banking
The vice president has urged banks to "put their shoulders to the wheel" so that "they don't always pay the same." In a brief press conference, Calviño has pointed out the four reasons that he has presented to the bankers to justify the new tax. The first, the effort that the Government has made with the guarantees of the ICO loans. “The significant support for companies and families and public aid to the economy as a whole have had a positive balance for bank balance sheets”, he assured. The second is that banking is not going to be a sector particularly affected by the rise in energy prices. The third refers to the change in monetary policy that was announced this Thursday. “It is going to have a positive impact on the margins of the sector”, he underlined. The latest is that a "strong economic recovery" is still under way.
Calviño has avoided delving into more details of the tax, although he has advanced that next week the bill with the details of the new tax will be registered in Congress. “We believe that the banking sector can and should contribute to responding to the impact of the war”, he pointed out. In addition, in the face of criticism from the banks in recent weeks, the vice president has settled that "the debate will correspond to the political groups in parliament."
The meeting was attended, in addition to the vice president Calviño; the Governor of the Bank of Spain, Pablo Hernández de Cos; the deputy governor, Margarita Delgado; and a large group of bankers. Among them were Carlos Torres, president of BBVA; José Antonio Álvarez, CEO of Santander; José Ignacio Goirigolzarri, president of CaixaBank; Josep Oliú, president of Sabadell, and Manuel Azuaga, president of Unicaja. In addition, the three banking employers' associations were represented by Alejandra Kindelán, president of the AEB, José María Méndez, general director of the CECA, and Cristina Freijanes, general secretary of Unacc.
After Calviño's words, it was the turn of the banking employers, who have confirmed their rejection of the measure announced by the Government. Alejandra Kindelán, president of the AEB, has defended that she "concerns us about the tax". The representative of banks such as Santander, BBVA or Bankinter has argued that “it is not a measure that will solve the problems of inflation, growth or job creation”. "On the contrary, it can have a detrimental effect," she noted. “We have transferred it to him in the clearest way”, she has settled.
José María Méndez, CEO of Ceca, which encompasses the old savings banks, has taken a position along the same lines. “It is not an adequate instrument”, he has defended, pointing to other taxes that already affect the banking sector. "We understand that tax figures that separate us from the European context is not appropriate," he emphasized.
The representatives of the employers have avoided advancing legal actions, as pointed out this Thursday by the CEO of Bankinter, María Dolores Dancausa, who assured that legal “loopholes” would be sought to avoid paying it. "Any technical assessment will be when we know the detail", Kindelán pointed out.