Spain will look to lower taxes for startups and their employees with a new bill sent to parliament Friday as part of efforts to attract investment and high earners, Economy Minister Nadia Calviño said Friday.
The bill, dubbed the Start Up Law, will help Spain “become one of the most attractive countries for the creation of startups,” said Calviño. She added that tax changes to carried interest would also benefit startup investors.
The bill, which the government said could be approved by parliament by mid-2022, would:
- Reduce corporate tax and income tax rates on start-ups and their investors, as ...