Editorial: La Vanguardia

• The Spanish Government proposes to make the Temporary Energy Levy applied in 2022 to oil companies permanent.
• This indirect tax raises the price of fuels and their derivatives for all citizens.
• The competitiveness of Spanish energy companies is threatened by this tax against foreign multinationals.
• The tax endangers investments in the Spanish energy sector and increases Spain's dependence on foreign energy.
• To tackle the necessary energy transition, Spain requires massive investment that could be hindered by such taxation.
• The impact of making the tax permanent could make planned investment projects unprofitable.

Conclusion: Energy companies must contribute fairly to taxation without endangering their competitiveness and viability. Taxes eventually impact the citizens and could jeopardize the necessary investments in the energy transition.

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