The Spanish Ministry of Finance rules out a new specific tax hypothecated to finance pensions. In fact, the majority of developed countries has reformed their pensions systems basing them on various pillars (public/private; obligatory/voluntary) especially the nordic countries. Only Italy, Portugal, Greece and Spain maintain a pensions system based solely on obligatory social security contributions.
Spain’s tax collection
Spanish companies pay more taxes than the EU28 average despite the reduction in their number during the crisis and that only 45.3% of the total registered profits in 2015.