they definitely are the worst tax authority in Europe, by a long shot. I would expect even worse from Spain. There's nothing "good" about old Spain. The general people are awesome and the nature is amazing - but that's where it ends.

Spain is one of the last ~3 countries in Europe left with a wealth tax. It has the highest out of them all.

It was previously a regionalized wealth tax, and the region of Madrid was the only one with 0% wealth tax.

They added a "temporary" federal wealth tax (for 2023, 2024) that applies everywhere and cannot be avoided. It's called the "solidarity" tax on grand fortunes - in a way to have solidarity for the high inflation and difficulty of making ends meet of most people.

This was apparently introduced through an amendment to another law, bypassing detailed parliamentary discussion. People have raised concerns about potential violations of constitutional rights, such as political representation and self-imposition.

It is beyond obvious that this wealth tax will be extended temporarily again and ultimately apply forever.

This is the state of affairs in Spain. If any law makes sense, it's probably not Spanish!

The Spanish government simply doesn't respect the citizens' rights. This is the simple truth of the matter - history shows this over and over.

always have been ;)

this inspired us to post a summary of the Bitcoin classic - "Gradually, Then Suddenly" by Parker Lewis.

Nothing else captures Balaji's thesis so succinctly.

If you know, you know.