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Plans to cut corporate taxes by 5% and individual income taxes by 12.5% in Spain for 2015-2016, reversing earlier tax increases
06/20/2014
The plan comes as the ruling Partido Popular party faces new parliamentary elections in 2015. This is a significant effort to reverse the austerity measures since 2011. Similiar moves are being made by the new government in Italy to reduce taxes and reverse earlier austerity moves. A new coalition government of the CDU with the Socialist SPD in Germany has created a new climate for these moves to reverse austerity.
Grouped Articles
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06.20.2014
Merkel Hints at Economic Policy Shift in Germany
New York Times 10.09.2014
How Righteousness Killed the World Economy
New York Times 10.12.2014
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10.28.2014
European Union Blinks in Budget Battle With Italy and France
New York Times 10.28.2014
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