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Rajoy publishes tax returns

Source: Reuters - Sat 9th Feb 2013
Rajoy publishes tax returns

Mariano Rajoy published his tax returns today in a bid to quell reports he and other conservative politicians received secret cash payments but the opposition said many questions remain unanswered.

The government's website posted tax authority documents detailing the PM's income and tax payments from 2004 to 2012. The ruling Partido Popular also revealed 4 years of financial accounts on Friday, in another attempt to put the matter to rest.

The scandal, centered on ledgers supposedly made by a former party treasurer, have cut support for the PP to the lowest level on record and pushed up borrowing costs just as it seemed Spain was getting to grips with a financial crisis that had raised questions about the future of the euro zone.

Former PP treasurer Luis Barcenas has described as fake handwritten ledger entries published on January 31 by El Pais newspaper purporting to show payments funded by construction firms made to PP leaders including Rajoy.

Rajoy has said the payments were not made and that the party is organizing an external audit into the affair.

The spokeswoman for the PSOE opposition, Soraya Rodriguez, said Spaniards wanted more than Rajoy's tax records.

"Spaniards are fed up of waiting for answers that never come," she told journalists in Valladolid on Saturday.

The tax returns overlap with the period of entries in the ledgers published by El Pais, which run from 1990 to 2009.

The published documents showed Rajoy earned up to 147,620 per year 2004 to 2012 as a parliamentarian over the period plus income from investments. He paid 870,292 in tax over the 8-year period, the documents showed.

Support for the PP fell to 24% in a Metroscopia poll published on February 3, the lowest on record and barely more than half the support the party received when it won a landslide election victory in late 2011.

There was no mention as to if the accounts were verified or audited by an independent third party, and if so, by who.

Comment on this Story

If he received "secret payments", then the last place they would be shown is in his tax return. According to Spanish media, some of the figures Rajoy has provided are now different to those that he gave in 2010, so this story still has more mileage in it.
Lucinda Castiles - Sun, 10th Feb 2013

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