Speaking on Monday, Rafael Arias-Salgado, the Chairman of the Spanish arm of French hypermarket chain Carrefour, condemned tax increases for retail groups in some regions of Spain, arguing that they will ultimately lead to a decrease in the availability of jobs in the country.
The former government minister explained that the increasingly high corporate tax rates in Spain are harming productivity within the retail sector, and that businesses are obliged to: 'either pass this on by increasing prices or apply plans to increase profitability, something which in the long run will affect employment.'
Mr Arias-Salgado then went on to slam the tax imposed by the Catalonian authorities but subsequently repealed by the federal government, calling it a 'mistake and a bad strategy'.
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