{"id":49972,"date":"2023-09-20T07:15:37","date_gmt":"2023-09-20T04:15:37","guid":{"rendered":"https:\/\/www.riigikogu.ee\/pressiteated\/agreement-between-the-government-and-the-banks-was-discussed-at-question-time\/"},"modified":"2023-09-20T07:15:37","modified_gmt":"2023-09-20T04:15:37","slug":"agreement-between-the-government-and-the-banks-was-discussed-at-question-time","status":"publish","type":"post","link":"https:\/\/www.riigikogu.ee\/en\/pressiteated\/agreement-between-the-government-and-the-banks-was-discussed-at-question-time\/","title":{"rendered":"Agreement between the Government and the banks was discussed at Question Time"},"content":{"rendered":"<p>The Prime Minister explained that it was too late for the taxation of the excessive profits of banks predicted for 2024 and 2025, because it had been agreed in the Taxation Act that Acts concerning new taxes had to be adopted six months before their enforcement, and thus there would have been no time for doing it by 2024. \u201cIn this situation, we sat down with the banks to find a way how to get a larger share of these profits into the state budget, and the amount they promised in addition to what has already been predicted as advance income tax payment or income tax will come from the banks,\u201d Kallas said, referring to the agreement reached yesterday with bank managers, according to which bank owners would take out profits in the coming years and pay taxes on it.<\/p>\n<p>\u201cI am just reminding you that banks are the only business sector that has an income tax in the classical sense, others do not pay income tax on reinvested profit,\u201d Kallas noted, and specified that, in 2024, that amount would be 80&nbsp;million additional euros. \u201cWhat we predicted, was maybe 136&nbsp;million, plus 80&nbsp;million and in 2025, plus 45&nbsp;million in addition to 193&nbsp;million,\u201d she explained. Kallas also said that banks boost the economy by giving loans, providing access to capital and paying interests on deposits, and that agreement would not damage the situation of Estonian economy.<\/p>\n<p>The Prime Minister also replied to the question of <strong>Martin Helme<\/strong> on finances and economy, the question of <strong>Tanel Kiik<\/strong> on hindering the forming of a committee of investigation, question of <strong>Helle-Moonika Helme<\/strong> on the situation of the country, question of <strong>Riina Solman<\/strong> on the state budget and the question of <strong>Rene Kokk<\/strong> on moral standards.<\/p>\n<p>Minister of Defence <strong>Hanno Pevkur<\/strong> and Minister of the Interior <strong>Lauri L\u00e4\u00e4nemets<\/strong> also participated in Question Time. The Minister of Defence replied to the question of <strong>Andres Metsoja<\/strong> on Parseltongue. The Minister of the Interior replied to the question of <strong>Vadim Belobrovtsev<\/strong> on the next year\u2019s budget and the question of <strong>Lauri Laats<\/strong> on taxes.<\/p>\n<p><a href=\"https:\/\/stenogrammid.riigikogu.ee\/et\/202309201200\"><em>The verbatim record of Question Time (in Estonian)<\/em><\/a><\/p>\n<p><em>Video recordings of the sittings of the Riigikogu can be viewed at <\/em><a href=\"https:\/\/www.youtube.com\/riigikogu\"><em>https:\/\/www.youtube.com\/riigikogu<\/em><\/a>.<em><br \/>\n(Please note that the recording will be uploaded with a delay.)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Question Time of the Riigikogu (Parliament of Estonia), Prime Minister Kaja Kallas said in reply to the question of Urmas Reinsalu about the political situation that the Government and the banks had reached an agreement on excessive profits of banks that would not damage the Estonian economy.<\/p>\n","protected":false},"author":50,"featured_media":49194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[50],"tags":[],"news_related_unit":[114],"news_expired_unit":[],"class_list":["post-49972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pressiteated","news_related_unit-sundmused"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Agreement between the Government and the banks was discussed at Question Time &#8211; 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