Agenda Profile: Urmas Kruuse
Draft resolution "Proposal to the Republic of Estonia's Government regarding the introduction of a temporary solidarity tax on the banking sector" (487 OE) – first reading
2024-10-22
15th Riigikogu, 4th session, plenary session
Political Position
The political position is strongly and fundamentally opposed to the draft bill introducing a temporary solidarity tax on the banking sector, deeming it disproportionate and detrimental to the economy. This stance is clearly rooted in policy and values, emphasizing that banking serves a life-saving "donor" function in financing enterprise, and that the draft bill should be thrown into the "dustbin of history." It is stressed that banks already make significant contributions to society through advance income tax payments.
4 Speeches Analyzed
Topic Expertise
The speaker demonstrates deep expertise in the fields of banking and macroeconomics, utilizing specific data (e.g., 139 million euros in advance income tax in 2023) and technical terminology (Euribor, fixed-rate contracts, time deposits). A detailed comparative analysis with Lithuania is highlighted separately, explaining why the countries cannot be compared in the context of taxation due to differences in loan structures (specifically, the share of Euribor).
4 Speeches Analyzed
Rhetorical Style
The speech is formal, analytical, and critical, balancing logical arguments regarding economic consequences with an emotional appeal. The tone is troubled and condemnatory, describing the atmosphere of the bill's proceedings as "disturbing" and the idea of 50% taxation as "outlandish." Direct questions are posed to the presenter, and it is emphasized that the figures presented are not merely assertions.
4 Speeches Analyzed
Activity Patterns
The speaker was active during the Riigikogu session, repeatedly posing questions to the rapporteur and delivering a longer, structured address during the first reading of the draft bill. This pattern of activity focused on thoroughly challenging the content and consequences of the specific draft law. (No other patterns of activity are reflected in the data.)
4 Speeches Analyzed
Opposition Stance
The opposition is directed at the initiators of the bill and their approach, which is considered illogical and archaic, originating from the last century. The criticism is policy-driven, focusing on the fact that the additional taxation will be indirectly passed on to customers and that it sends a negative signal to investors. There is no willingness to compromise, as the speaker wishes to consign the bill to the dustbin of history.
4 Speeches Analyzed
Collaboration Style
The speaker acknowledges the colleague's (Epler's) viewpoint in the spirit of discussion, as Epler supports holding a broader discussion and demonstrates an openness to the debate. Nevertheless, there is no evidence of formal cooperation, co-signing, or the seeking of compromises with the bill's proponents.
4 Speeches Analyzed
Regional Focus
The focus is primarily on the domestic economic environment and international comparisons, particularly with Lithuania. Lithuania is being used as an example to clarify the specifics of the Estonian economy (a higher proportion of Euribor in loans) and to warn against negative investor signals, citing a comment made by a Lithuanian expert.
4 Speeches Analyzed
Economic Views
The speaker advocates for an economic environment that is comprehensive, forward-looking, and sustainable, and firmly opposes excessive corporate taxation. Emphasis is placed on the fact that banking sector financing is vital for economic growth, and that the improvement of public finances must not occur by harming the business sector. A warning is given that any additional taxation will ultimately result in higher costs for consumers.
4 Speeches Analyzed
Social Issues
Instead of social issues, the speaker focuses on financial behavior, expressing confusion as to why Estonian depositors didn't use fixed-term deposits both to reduce bank profits and earn more themselves. The speaker urges people to actively utilize earning opportunities to prevent additional taxation on businesses.
4 Speeches Analyzed
Legislative Focus
The primary legislative focus is the opposition to Riigikogu draft decision 487 OE (the banking sector solidarity tax). The speaker is a formidable opponent seeking to halt the bill's proceedings and discredit its substance, stressing that objectively, it is difficult to garner support for it in the chamber.
4 Speeches Analyzed