Sunday, August 17, 2025

How Spain put up wealth taxes - without chasing away the billionaires

What is clear is that, two years on, a predicted exodus of the rich, trumpeted in endless alarmist headlines, has not materialised. Forbes counted 26 Spanish billionaires in 2021. This year, it lists 34, with a combined net worth comfortably over $200bn... 

"Cutting public services in order to fund tax breaks, or simply balance the books, can create a doom loop…"

https://www.theguardian.com/politics/2025/aug/16/spain-put-up-wealth-taxes-pandemic-billionaires-stayed


 

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