Spain to Collect Extra 400 Million Euros From New Corporate Tax

Oct. 7, 2021, 11:06 AM UTC

The Spanish government expects to collect an extra 400 million euros ($463 billion) in revenues from a plan to set a minimum corporate tax rate of 15%, Budget Minister Maria Jesus Montero said on Thursday.

Montero added she’s confident a Europe-wide agreement to set a corporate tax floor will be reached.

--With assistance from Thomas Gualtieri.

To contact the reporter on this story:
Alonso Soto in Madrid at asoto54@bloomberg.net

To contact the editors responsible for this story:
Rodrigo Orihuela at rorihuela@bloomberg.net

Zoe Schneeweiss

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