A budget surplus this year will allow Spain to cut income taxes further in the coming years, government Treasury Minister Cristobal Montoro announced on Wednesday.
Speaking after the 2004 budget passed through Congress, Montoro announced that the government will run a surplus of 0.5% of GDP by the end of this year, above the expected break-even figure, a situation he said “means that there can be more tax cuts in future years”.
The ruling centre-right Popular Party, preparing for a general election next March, has previously undertaken two rounds of tax cuts during its seven year tenure in government.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment