2023-09-29 13:06:38

Spain to Increase Tax on the Rich With $2.9 Million in Assets

Logo Bloomberg
Bloomberg
By Rodrigo Orihuela

Spain announced plans for a new wealth tax, its second, as it continues to seek ways to raise funds to pay for social policies amid soaring inflation.

The new wealth tax will apply to people who have assets worth at least €3 million ($2.9 million) a year for 2023 and 2024, the Budget Ministry said in a presentation Thursday. Payments made against an existing wealth tax will be deductible from the new one, it said.

AD
AD

Continue read on bloomberg.com

AD
Logo Investing.com
EconomyBy Reuters2024-09-22 10:52:22
Reuters. FILE PHOTO: Spain's Budget Minister Maria Jesus Montero arrives to attend a cabinet meeting at the Moncloa Palace in Madrid, Spain, January 14,...

Logo Reuters
MarketsBy Reuters2024-09-22 10:49:48
The Spanish government wants to slap a tax on the wealthiest 1% of Spaniards for two years from 2023 as a way to complement planned taxes on energy companies...

Logo Inquirer.net
Business / FinanceBy Corrienarisma2024-09-20 07:36:42
Russia is considering raising taxes on the oil and gas sector to the tune of 3 trillion rubles ($50 billion) in 2023-2025 in order to plug the budget gap,...

Logo Investing.com
EconomyBy Reuters2024-09-01 10:51:10
HELSINKI (Reuters) -The Finnish government on Thursday raised its 2023 fiscal spending forecast compared to one month ago to help Finns deal with financial...

Logo U.S. News & World Report
PoliticsBy Associated Press2024-09-23 07:28:20
By SYLVIA HUI, Associated Press LONDON (AP) The U.K. government is expected to publish an emergency budget statement Friday outlining how it plans to slash...

Logo Bitcoin.com
CryptocurrenciesBy Lubomir Tassev2024-09-24 06:30:27
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-09-13 15:50:00
ARLINGTON, Va., Sept. 13, 2022 /PRNewswire/ -- Bloomberg Tax today released its 2023 Projected U.S. Tax Rates, which forecasts that inflation adjusted...

Logo Nasdaq
MarketsBy The Motley Fool2024-09-23 11:20:00
Social Security retirees are staring down the barrel of one of the largest increases to benefits in decades in 2023. That's because high inflation should...

Logo The Motley Fool
MarketsBy Newsfeedback@Fool Com (Bram Berkowitz)2024-09-23 11:20:00
Social Security retirees are staring down the barrel of one of the largest increases to benefits in decades in 2023. That's because high inflation should...

Logo Reuters
MarketsBy Reuters2023-09-29 13:06:09
The Spanish government hopes to increase tax revenues by 3.14 billion euros ($3 billion) next year with a series of tax changes, including a new wealth tax...

Logo The New York Times
Business / FinanceBy Ann Carrns2024-09-23 13:00:07
The government adjusts its tax code every year, including the standard deduction and tax brackets. Rising costs mean big changes next year. High inflation...

Logo U.S. News & World Report
PoliticsBy Associated Press2024-09-27 10:51:34
BARCELONA, Spain (AP) A Spanish judge on Tuesday approved a trial for Colombian pop singer Shakira on charges of tax fraud. Spanish prosecutors accused the...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-27 00:32:26
BOGOTA, Sept 26 (Reuters) - Colombia's government agreed on Monday to modify a tax reform proposal under debate in congress and continue to allow oil and...

Logo U.S. News & World Report
PoliticsBy Reuters2024-09-27 00:36:18
BOGOTA (Reuters) - Colombia's government agreed on Monday to modify a tax reform proposal under debate in congress and continue to allow oil and mining...

Logo Investing.com
EconomyBy Reuters2024-09-06 07:11:15
Reuters. People rest on benches near a window of business premises put out for rent in Moscow, Russia June 8, 2022. REUTERS/Evgenia Novozhenina (Reuters) -...

Logo InvestorPlace
MarketsBy Dana Blankenhorn2024-09-14 14:19:26
Retirees are looking anxiously to learn what the Social Security increase based on the Cost of Living Adjustment (COLA) might be for 2023. With inflation...

Logo The Guardian
PoliticsBy Michael Savage Policy Editor2024-09-18 10:00:11
Kwasi Kwarteng is paving the way to delay his first full budget until next year, amid growing concerns that he is avoiding scrutiny of a huge programme of...

Logo Investing.com
MarketsBy Reuters2024-09-27 00:40:34
Reuters. FILE PHOTO: Colombia's President Gustavo Petro addresses the media after a meeting, in Bogota, Colombia July 22, 2022. REUTERS/Nathalia...

Logo U.S. News & World Report
PoliticsBy Associated Press2024-09-20 12:57:40
MADRID (AP) Spain will temporarily slash sales tax on natural gas from 21% to 5% to help consumers face rising energy costs this winter as Russia has cut...

Logo Daily Mail
Business / FinanceBy Patrick Tooher2024-09-24 20:50:21
Tax freeze: Chancellor Kwasi Kwarteng Nine million low and middle-income earners will be hit by a 46billion 'stealth tax' after the Chancellor failed to...