Last spring the Spanish government named an external tax reform committee to review environmental taxation, corporate tax, taxation of the digital economy, and harmonization of regional tax policies. The austerity policy plans tax hikes to close the 6.8 percentage point gap between Spain’s tax revenue and the Eurozone average as a percentage of Gross Domestic Product (GDP). One year later, the Finance Minister received a list of 118 tax reform measures, most of which consist of tax hikes.
Source Tax Foundation
