Unidas Podemos Proposes A Tax On Large Fortunes In Spain

Bankinter | Unidas Podemos, the party which forms the government coalition in Spain together with the socialists, has proposed the introduction of a progressive tax to replace the Wealth Tax. In the tax calculations, a person's primary residence would be exempt up to an amount of 400.000 euros. For the time being, this is only a proposal that will be taken to the Commission for Economic and Social Reconstruction in Congress for debate.