Repsol's CEO, Josu Jon Imaz, has strongly criticized the Spanish government's decision to make the extraordinary tax on energy companies permanent.
Initially introduced in 2022 to support households and businesses during the cost-of-living crisis, the tax targets sectors benefiting from inflation and interest rate hikes.
Imaz argues that this "fiscal populism" threatens Spain's industrial future, potentially diverting investments to other countries like Portugal.
In response, Carlos Martín of Sumar suggests the state should take control of Repsol, accusing the company of "fiscal blackmail" by threatening to move investments.
The debate highlights tensions between government fiscal policies and corporate strategies, with unions also expressing concern over potential impacts on jobs and regional economies.
