The Central Government has just approved a 10-percent increase on alcoholic spirits and an extra 15 cents on cigarettes… bless them. This is the fifth tax rise since Mariano Rajoy came to power in November 2011.
Tag Archive for tax increases
Stubborn Tax Increase
by Martin Myall •
The rise in purchase tax, IVA (Impuesto de Valor Añadido or Value Added Tax) is attracting a good deal of criticism from every opposition party, as well as the general public – even conservatives from the governing party’s own ranks, but the Government is determined to see it through.