It is always best to be very careful with changes in taxes. Increases can be dangerous if they hamper growth and job creation, just as reductions can be if they affect the sustainability of the welfare state and equity. So, What is the extent of the effects of an additional tax on banks?
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Tax increases in the banking sector have been the subject of intense debate since the start of the international financial crisis in 2007. This Observatory evaluates the effects of taxes on banking in Spain within three different alternatives: an additional tax on profits, on deposits and on the volume of loans.