The agreement between PSOE and Sumar affects a good part of the Ibex 35 companies and also to a good number of listed companies on the Continuous Market.
In the text, It is emphasized that the two parties of the coalition Government are committed to establishing a minimum tax level of 15% on profits for multinationals and large companies, taking advantage of the transposition into our legal system of the Community Directive originating in the agreements of Pillar Two of the OECD.
They also advocate “maintain the banking tax so that these entities which They only pay less than 3% of their profits in taxes and that they are obtaining record profits, contributing fairly to the maintenance of the society from which they obtain so many benefits, just like the rest of the companies and citizens.
In the agreement There is no express mention of the continuity of the tax that has been applied to energy companies, that Sumar wanted to maintain but the PSOE had agreed with PNV and Junts its disappearance when it expires at the end of the year, which these companies have read positively before the market closed.
And they end the tax regime for socimis “Abolish the special tax regime for SOCIMIs (S Public Limited Investment Companies in the Real Estate Market) that only pay 1% corporate tax and that have not served to improve the supply of housing.
Likewise, it aims ” raise by two points the personal income tax tax on capital income above 300,000 euros to continue advancing in horizontal equity with labor income”.
The fiscal package will establish also a new tax on luxury and on goods such as private jets and yachts or luxury cars . Specifically, in the document they will establish that they will create “a new tax on luxury goods (private jets and yachts, luxury cars, etc.) to improve equity in the distribution of income and wealth.”
From Inditex to the energy companies passing through the banking sector, the news, although it was known half an hour before the closing of the Ibex 35, has led the textile giant to be among the worst of the day, while the energy companies have improved their price in the last half business hour. Good example is Iberdrola that closed positively after placing among the worst of the EURO STOXX 50.
For his part, both MERLIN Prop. and Inmobiliaria Colonial have closed lower this Monday.