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Spain plans tax hike for millionaires to help those in need

Summary by Ground News
Spain's Socialist-led coalition government is planning a temporary higher tax rate on the richest 1% of the country from next year. The expected increase in tax revenue will be used to alleviate hardship brought by higher prices for energy and food. The current top rate of income tax, for those earning more than 300,000 euros ($293,000) a year, is 47%.

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  • 44% of the sources are Center
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Vancouver Sun broke the news in Vancouver, Canada on Thursday, September 22, 2022.
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