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Spain's Taxes Will Come Down "Gradually" : Rajoy

Source: Reuters - Sun 2th Feb 2014
Spain's Taxes Will Come Down 'Gradually' : Rajoy

A tax reform due to be announced in the first quarter will bring about the gradual reduction of tax rates in Spain over the coming years, PM Mariano Rajoy said in a speech on Sunday to a national convention of the ruling Partido Popular.

The right-wing of his conservative party has been unhappy with Rajoy's hiking VAT rates and income taxes during the first two-years of his four-year mandate as the government struggles to shrink a huge budget gap.

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