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News from the financial sectors in Spain and the Canary Islands
   News from the financial sectors in Spain and the Canary Islands

Taxation
Higher taxes?
The Minister for Development, José Blanco, has expressed his opinion that Spanish taxes are, “very low”.


Higher taxes?

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Bettenhaus Hammerer
Tenerife
Mattresses
29.08.2010 - In an interview with Europa Press, the Minister opened the door to putting Spanish taxes on a par with the average level of EU taxation. He failed to make it clear whether these increases would affect everybody or only the higher earners. Blanco implied that we wouldn’t have to wait long to see if taxes were going to increase and for whom. Blanco stated clearly that if we want first class services and infrastructures there is no alternative than to increase taxation to a level equal to the European average.



 
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