Arab Today, arab today spain to reintrodice wealth tax
Last Updated : GMT 13:21:39
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.\"

arabstoday
arabstoday

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

 



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 Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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