Spain to introduce tax on rich in next few weeks – PM

MADRID, May 26 (BestGrowthStock) – Spain’s government will impose a
tax on high earners in the next few weeks, Prime Minister Jose
Luis Rodriguez Zapatero said on Wednesday.

“I’ve said we will ask for a greater effort from the higher
earning citizens in our country … in the next few weeks,”
Zapatero said during a parliamentary session.

He declined to give more details.

Last week reports suggested the government would introduce a
tax on people with a net worth of 1 million euros ($1.23
million). The move would be in addition to a 15 billion euro
austerity package aimed at cutting Spain’s budget deficit.

Penny Stocks

(Reporting by Manolo Ruiz; writing by Nigel Davies)

Spain to introduce tax on rich in next few weeks – PM