Statement by Juan de Villota, Director of Tax Consultancy at CECA, concerning the tax on the banking sector
– Recent developments regarding the approval of the tax package are generating a great deal of uncertainty.
– This uncertainty is undesirable. It is not desirable for the markets, it is not desirable for investors, it is not desirable for economic stakeholders, in short, it is not desirable for our country.
– With regard to the possible approval of a tax on banks, the sector has been warning for years of the pernicious effects that this may have. It will affect our financing capacity and Spain's growth as a nation.
– At the same time, the downward trend in interest rates under no circumstances justifies continuing with the levy.
– The banking sector has been making a substantial contribution to the sustainability of public services, and will continue to do so, but it must do so under conditions of fairness, equality and comparable to the contribution made by other sectors of activity and other competitors at European level.
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