To date no particular tax hit the banking sector

In France, contributions are multiplying

Banks should next year to pay a new tax based on risky assets to limit their risk taking. It will be assigned to the State budget and is expected to produce 504 million euros in 2011 and up to 810 million in 2013. According to the French Banking Federation (FBF), French banks have paid elsewhere a tax outstanding 2009 (paid in 2010) bonus in addition to EUR 250 million. They will also pay an exceptional recovery deposit limit (increased from 70,000 to 100,000 euros) more EUR 270 million over three years.

In the wake of regulatory reform, they must now contribute to the operating costs of their regulator, the ACP, and pay more than 100 million per year. French banks, subject to the corporate tax, adjust also each year a tax on wages "that exists in no other country in the world", note the FBF. It was 1.5 billion in 2009. The banking sector is also among the few sectors do not recover the VAT to the State. Finally, the FBF said that the reform of the professional tax, last year, has increased by more than EUR 100 million contributions of French banks in respect of the territorial economic contribution.

R. R..

30 Germany tax, more tomorrow

German banks have taxed 30 on average in recent years their taxable income, according to the calculation of the Federation of private banks BdB. This ratio is divided roughly equally between, on the one hand, the income tax, whose rate has decreased for all companies of 25 to 15 in 2008, and on the other hand professional tax levied by the Commons and which rates may strongly vary from one city to another. The good years, as in 2005, the tax on profits represented banks across a load of nearly EUR 10 billion. Tax revenue of the German State are next to between 450 and 520 billion euros according to the years, including $ 20 billion to the title of the IS.

To date, no particular tax hit the banking sector. But this should change. A bank tax proposed to serve to fuel a solidarity fund to the sector adopted by the Merkel Government. The tax could extend 0.9 billion per year tax addition for the banking sector. In addition, with different European projects (mechanism of reinforced deposit, sitting on profits and salaries tax), it successfully a global collection of 70 of the result of banks, concerned the BdB.

J.-P. L.

Spanish banks in Brussels pending

In addition to being subject to tax on corporations, banks, savings banks and the Spanish credit unions must contribute to the Fund of guarantee of deposits (FDG), respectively to height of 0.6 per 1,000, 1.0 per 1,000 and 0.8 for 1,000 of protected deposits. Guarantee of deposits, FDG is also empowered to intervene to strengthen the creditworthiness of an entity in difficulty.

"We are not eager to create a Fund for a resolution because we have our deposit guarantee fund, and because our financial entities have demonstrated their solvency in"stress tests"strict." "This is why we will expect the European principles", said Minister of economy, Elena Salgado, at the last Ecofin Council. "It would be a serious mistake to punish with a new tax Spanish banks, who acted with caution and resisted well to the crisis." "This means ultimately penalize the savings and credit", argues for its part the Spanish Banking Association.

J. B. (IN MADRID)