It is the period for making tax declarations in Spain, and the country's multimillionaires face an additional tax this year. This is the Spanish government's temporary solidarity tax on "grand fortunes". Partly a means of revenue generation following the pandemic, this tax is also one for "social justice" in that it addresses an imbalance in the way that existing regional wealth tax is applied - but only up to a point.
Mallorca multimillionaires unaffected by Spain's solidarity wealth tax
Vast difference between the regional and the national tax
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