Spanish prime minister sets ambitious target for tax reform programme

Spanish prime minister Mariano Rajoy has set an ambitious target for the implementation of the country's tax reform programme - the end of March 2014.

The reform programme was announced at the end of April this year, aimed primarily at increasing competitiveness and flexibility in the Spanish economy and getting rid of "bottlenecks".

The priorities of the reform programme are to clamp down on tax fraud and ensure Spanish small and medium sized businesses can get access to credit, Rajoy said when he originally announced the programme.

Of course, if he wants to clamp down on individual tax evaders, he could just publish the names and faces of the worst culprits online - that's working well for HMRC.