Editorial: El Mundo

• The Government passed a disjointed set of fiscal measures, which reflects its political action since Pedro Sánchez was elected.
• 'Fiscal reform' passed in parliament is disputed for its truthfulness and its potential to receive European funds.
• Legal insecurity stemming from this volatile negotiation is affecting investors and companies.
• The taxes on banking and energy companies are controversial and based on outdated arguments.
• Attempts have been made to penalize private healthcare and real estate companies.
• It's predicted that family incomes will be affected in 2025 due to the PSOE's refusal to deflate the IRPF.
• The PNV appears to benefit from this chaos, lending votes to the government in exchange for keeping the Basque Country out of it.
• Catalonia and the Basque Country, despite their secessionist ideologies, are not separated from Spain in market terms.

Conclusion: The implementation of these tax policies has generated uncertainty and controversy, affecting both companies and investors and predicting an unstable fiscal future for families.

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