Arab Today, arab today spain to reintrodice wealth tax
Last Updated : GMT 23:26:46
Arab Today, arab today
Arab Today, arab today

Spain to reintrodice wealth tax

Arab Today, arab today

Arab Today, arab today Spain to reintrodice wealth tax

Madrid - Xinhua

The Spanish Cabinet on Friday approved the reintroduction of a wealth tax, which is expected to raise an extra 1,000 million euros a year. Treasury Minister and Economic Vice-President Elena Salgado, confirmed on Thursday that the \'Impuesto sobre el Partimonio\' will be in effect for 2011 and 2012 and will affect 160,000 people who have net fortunes of 700,000 euros or above. The value of a person\'s home is not counted in this amount until it reaches a value of 300,000 euros, or 600,000 euros in the case of a married couple. Salgado confirmed that the measure was expected to raise 1,080 million euros a year, which will help contribute to the Spanish government\'s policy of fiscal consolidation. The reintroduction of the tax happens the same day that the debt of Spain\'s public administrations was announced to have risen by 16.5 percent in the second quarter of the year. The measure has been criticized by the opposition Popular Party, who believes that the amount of money raised by the tax is insignificant and accused the government of playing for the electorate just two months ahead of the forthcoming general elections to be held on Nov. 20. Government spokesman Jose Blanco commented during the week that the PP were criticizing the measure while at the same time several regional authorities under PP control, such as Galicia and Madrid, had introduced spending cuts in education and were reducing the numbers of teachers, which provoked a mass demonstration in Madrid on Wednesday. PP spokesperson Soraya Saenz de Santamaria on Friday rejected that accusation, assuring that the cuts were in departments that were \"oversized\" and in \"unnecessary public companies.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain to reintrodice wealth tax Arab Today, arab today spain to reintrodice wealth tax

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday