Editorial: El País

• The five major Spanish banks obtained profits of 26,088 million euros in 2023, 26% more than the previous year.
• This has revived the debate on the special tax to the banking and the need for a comprehensive tax reform.
• The regional financing system, pending review since 2014, also requires attention.
• It proposes the call to a general states of the fiscal situation, sponsored by the Parliament, not by the Government or the opposition.
• Populist proposals of generalized tax cuts and tax increases to cover expenditure and low tax pressure are criticized.
• The corporate tax continues to be the only major source of tax revenue that continues to decline since its peak in 2007.
• The taxation of wealth also poses problems, particularly due to the defiscalizing efforts of some conservative autonomies.
• The proposal of the EU Fiscal Observatory underlines the crucial role of wealth taxation in reducing social inequalities.
• The profits obtained by banks due to the increase in ECB interest rates suggest the need for a special tax.

Conclusion: The fiscal situation in Spain is marked by pending debates such as that of comprehensive tax reform and the review of the regional financing system. Tax collection from large entities like banks and wealth taxation are crucial aspects to consider in the fight against social inequality.

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