Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish PM promises tax cuts for pensioners if he wins election

Source: Reuters - Thu 10th Dec 2015
Spanish PM promises tax cuts for pensioners if he wins election

Spanish PM Mariano Rajoy said on Thursday he would lower income tax for pensioners who remained in the workforce, part of efforts to shore up his elderly political base 10 days before a hotly-contested election.

Spaniards over 55 are twice as likely to back Rajoy's governing center-right Partido Popular as younger voters, according to Spain's state pollster last week, and the party has already courted their votes by promising to protect pensions.

Rajoy also said during a television interview the PP would lower income tax for people of any age for a year after they find their first job, a pledge targeting millions of unemployed young Spaniards who are struggling to join the workforce.

Spain has one of the highest youth unemployment rates in the EU, with almost half of all job-seekers under 25 unable to find work.

"Given that there is now greater economic activity in Spain and that the state is collecting more tax revenue, we can again lower taxes," Rajoy said, referring to income tax cuts implemented in July.

The European Commission has said Spain will need to revisit its 2016 budget after the election as it says it is based on unrealistic growth forecasts. The budget was passed before the latest promises for further tax cuts.

The government expects the Spanish economy to grow by 3.3% this year, having emerged from recession in mid-2013, but unemployment remains above 20%.

Rajoy's PP will win the Dec. 20 parliamentary election but fall short of a majority, according to a closely watched official poll published on Dec. 3.

The poll also showed a leap in support for a new reformist party that may play the role of kingmaker.

Recommended Reading :

* Retired Expats must prove they are not dead

* Expat retirees miss out on £850 Mln owed to them

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

 
When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.