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Tax hikes to hit residents

Spain: Tax hikes to hit residents

We all know that Spain, like many other EU countries, is in the doldrums as far as its economy is concerned and is expected to find the remedy, fast. Unsurprisingly, the PP government intends to try and address the deficit through cutting budgets and increasing revenue from taxes. A tidy sum of €8.9 billion is to be cut from government departments and €6.2 billion collected by the Tax Authority.

January 27th, 2012 | Posted in Expats, Spain Expat | Read More »

Spain’s tax hike threatens La Liga’s appeal

Kaká (right) signs on the dotted line for Real Madrid. But Spain's new tax system makes playing in La Liga less attractive for the big earners.

The government’s decision to raise income tax will have a very high-profile casualty: Spain’s soccer teams, which must now negotiate contracts with players under vastly different terms.

January 16th, 2012 | Posted in Business, Featured, Spain News | Read More »

Modern Spain’s legacy: airports, deficits and brutal cuts

Ciudad Real Airport

The economic downturn in Spain in recent years has followed a decade-long boom. It has also highlighted the bizarre way in which much of the good-times money was spent.

November 15th, 2011 | Posted in Business, Featured, Spain News | Read More »

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