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Spain Doesn’t Plan Tax Hikes Amid Uncertainty, Minister Says

March 3, 2022, 11:00 AM

The Spanish government has no plans to raise taxes at this moment given the global uncertainty triggered by the war in Ukraine, Budget Minister Maria Jesus Montero says in statement.

  • Montero received list of measures for a fiscal reform from group of experts. Montero says recommendations not binding and government to decide on fiscal measures by taking into consideration economic reality
  • Recommendations focus on environment and digital economy taxation as well as harmonization of wealth taxes
  • Government’s priority is to stimulate growth and job creation
  • NOTE: Spain Takes Measures to Shield Economy from Ukraine War Fallout

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