Spain is considering a tax of 5% on bank fees and interest charges to fund its response to the country’s growing cost-of-living crisis.
The government has no plans to raise the corporate tax rate for banks and is instead leaning toward applying a VAT-style duty for service and interest charges, according to a person familiar with information who asked not to be identified because discussions are ongoing.
Prime Minister Pedro Sanchez shocked investors with his announcementon July 12 of a temporary tax on banks to raise 3 billion euros ($3.04 billion) over the next two years. News of the ...
"Breaking news: Sri Lanka has been removed from the United Nations," says superimposed Sinhala-language text on a Facebook graphic shared on September 25, 2026 The graphic also features a photo of...