tax reform


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Spain’s tax reform, bad deal for small savers

MADRID | By Francisco López |  The need for goverment to increase income allocated to saving was among the major aims of the tax reform passed on June 20 in Spain. That’s why experts were surprised when knowing about the end of the tax exemption on the first €1,500 of dividend, which goes clearly against small savers. The government insists it is balanced out by other deductions on all brackets taxing savings.