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MADRID: A new wealth tax introduced by Spain as part of measures aimed at easing the cost of living of ordinary Spaniards amid high inflation was endorsed by the Constitutional Court, it said on. ....
A new wealth tax introduced by Spain as part of measures aimed at easing the cost of living of ordinary Spaniards amid high inflation was endorsed by the Constitutional Court, it said on Tuesday. The court rejected an appeal lodged by Madrid region which considered the levy infringed its regional prerogatives, the court said in a statement. In late 2022, the leftist coalition government introduced the temporary Solidarity Tax on Large Fortunes for 2023 and 2024, effectively banning regional waivers on an existing wealth tax such as the ones Madrid had enforced, which in recent years has vied with Miami to attract Latin American rich. ....
Spain's Constitutional Court endorses new wealth tax, court says devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The solidarity tax in Spain, which collects funds from those with large fortunes, has collected 623 million euro in 2023. Specifically, 12,010 large estates, which barely represent 0.1% of taxpayers in Spain, have paid for this tax, complementary to the tax on the heritage, an average fee of 52,000 euro. Therefore, this tax figure meets ....
Spain's new wealth tax raises $676mln euros zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.