The Spanish Congress of Deputies is set to vote on a crucial tax reform aimed at unlocking €7.2 billion in European funds. This reform includes the transposition of the European directive establishing a minimum tax rate of 15% for multinational corporations, as well as the implementation of new taxes targeting the banking and energy sectors. CaixaBank Research

Approval of this reform is essential to fulfill commitments made to the European Union under the Recovery, Transformation, and Resilience Plan. However, the process has faced significant obstacles due to political party disagreements and criticism from various economic sectors.

In recent weeks, the government has intensified negotiations with parties such as Podemos and Junts to secure the necessary support. These discussions have focused on aspects like the continuation of the tax on energy companies and the structure of the minimum tax for large corporations. The Times

Business organizations have expressed concern, arguing that the reform focuses on increasing tax pressure without addressing the reduction of public spending, which could affect competitiveness and investment in the country.

Today’s vote in Congress will be decisive for Spain’s economic future, as the approval of the tax reform will not only allow access to European funds but also define the direction of fiscal and economic policy in the coming years.