• Taxation Banks and management companies already pass on the 'Tobin tax' on the client: "This tax is paid by you"

Bank and managers warned: the

Tobin tax

will affect and will be passed on to customers.

And so it is.

The insurance sector pointed out exactly the same when the Government announced the increase from 6% to 8% of the Tax on Insurance Premiums (IPS).

And exactly the same is what is happening

.

"The taxpayer of any tax is who is responsible for paying it, and in this case of the insurance

the taxpayer is practically all Spaniards

because most of us have insurance for something. Many times because the insurance itself is mandatory, such as the automobile ", the president of Mapfre, Antonio Huertas, pointed out this Thursday during the presentation of the entity's annual results.

Asked about this newspaper, Huertas has acknowledged that, indeed, the increase is having a direct impact on the client, and that

this tax increase is practically universal

since it affects all social classes.

The Ministry of Finance headed by María Jesús Montero justified the decision of the increase indicated that the tax rate had not changed in 20 years, and that they required an update.

However, Huertas recalled that the insurance sector had already pointed out "it was not an adequate measure at the moment", and today he has underlined the message: "

It is wrong at this time

."

According to the criteria of The Trust Project

Know more

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Taxation Banks and management companies already pass on the 'Tobin tax' on the client: "This tax is paid by you"

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