Spain Adjusts Wealth Tax to End Discrimination

The Spanish Ministry of Finance is revising the ‘wealth tax’ to address a discriminatory tax system that previously excluded non-resident taxpayers. The original tax structure, inherited from the ‘fortune tax’ regime, capped the tax burden on wealth relative to income, but only applied to residents. A recent court ruling determined this exclusion was discriminatory, forcing the government to adjust the regulations for both wealth and fortune taxes.

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