Wealthy, Big Tech Targets in Spain’s Post-Virus Tax Overhaul

The debate over broad tax reform in Spain will likely heat up after the country recovers from the coronavirus—with plans to make companies and high earners pay more tax taking center stage.

Both the ruling Socialist party and its junior coalition partner, Unidas Podemos have been vocal since taking office in January about plans to overhaul the tax system to increase receipts, lower the fiscal deficit, and make taxation more progressive.

But the path to reaching those goals may prove difficult because of opposition to reform within Spain’s parliament, tensions within the coalition government over the details, and the devastating ...