Rajoy says tax will drop gradually
A tax reform due to be announced in the first quarter will bring about the gradual reduction of tax rates in Spain over the coming years, Prime Minister Mariano Rajoy said in a speech yesterday to a national convention of the ruling People’s Party.
The right-wing of his conservative party has been unhappy with Rajoy’s hiking VAT rates and income taxes during the first two-years of his four-year mandate as the government struggles to shrink a huge budget gap.