18 January, 2012

Temporary tax measures taken by new Spanish government

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We are leaving behind a year which leaves us in a serious negative trend, menaced of entering into a new recession with temporary tax measures.

The Spanish Official Gazette published Royal Decree 20/2011, of December 30 2011, with urgent measures to correct our public deficit.

On the same day, four ministers of the new Spanish Government, appearing in a press conference with serious faces, have explained the need of these measures to reduce our public deficit, which had resulted more negative than expected.

And, as expected (or, more exactly, feared), taxes are the chosen tool to increase the State’s income.

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