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 territory is moderated