Finance Bill
March 14th, 2011 | 
Author: Market Commission (CMT), the industry regulator, has reported adversely the new draft law on financing of RTVE, which envisages the creation of a new tax, which levied 0.9% of gross income telecommunications operators to compensate state television for the loss of income that will entail the removal of advertising as the newspaper today contains an article Expansion reproduce them for your interest.
The new tax will mean around 400 million annual revenue that will come from the coffers of the carriers, since the bill sector some 43,000 million euros a year. Of this, about half, about 200 million a year, should be provided by Telefónica.
The new draft law was informed by the Council of Ministers on May 8 and sent for opinion to the CMT and the Council of State, as is obligatory. Last week, the council overwhelmingly approved CMT a report criticizing the government’s initiative and recommends other alternatives for obtaining the necessary funding to compensate RTVE.
Soft Report
Although the terms in which to pronounce the report is formally very smooth, the sources consulted by expansion, the telecom regulator reveals, indirectly, the arbitrariness of choosing the field of telephony operators as pagan advertising suppression , considering that there is no cross-cutting relationships and that there is no provision for transfer of funds into the telecommunications sector by the abolition of advertising, so that operators will not benefit from the measure.
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