Tag: Spain Value Added Tax

• Wednesday, July 11th 2012 - 22:28 UTC

  Rajoy raises VAT to 21% and drastically cuts benefits and other perks

  

  Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts designed to slash 65 billion Euros from the budget deficit by 2014 as recession-plagued Spain struggles to meet tough targets agreed with Europe.