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FSN: Spain Predicts 4.3% Increase in Tax Revenues, Actual Results are 3.5% Drop; Proposed “Solution” is More Tax Hikes
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Mike Shedlock
MISH’S Global Economic Trend Analysis
Spain has been devastated by round after round of tax hikes. Another one is on the way. Via Google-translate, please consider this non-modified translation of government shuffles new tax increases to reduce the deficit
Never two without three. The brutal tax increases approved by the Government of Mariano Rajoy in late 2011, increasing the income tax and the tax on savings , among other figures, and the recent increase launched last July, with the increase in VAT , Taxes -special rate you could add soon a new tax hike to reach the deficit target of 6.3% of GDP set for this exercise. This, with an eye on a country’s total bailout, whose application could occur next September.
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…
2012-08-21 23:02:14
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