Spain wants to introduce tax on richest

  • September 22, 2022
Spain wants to introduce tax on richest

The Spanish government wants to introduce a tax on the richest Spaniards for two years, in addition to planned taxes on energy companies and banks in the face of soaring inflation, Budget Minister Maria Jesus Montero announced, reports Reuters.

She said she was in talks with a junior coalition partner, the leftist Unidas Podemos party, whose election program included the initiative.

She did not provide details about what the tax rate would be or how much she hoped to raise it, telling laSexta TV only that we are talking about millionaires.

The tax should go into effect next year, Montero said, but acknowledged that parliamentary approval procedures mean it may not be ready by early 2023.

She said they are going to use the same scheme as they did for energy companies and banks, within the next two years.

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