Spain's IRPF (income tax) on savings now has progressive brackets from 19% on gains up to €6,000 up to 30% over €300,000. This applies to interest from deposits, accounts, and Letras del Tesoro (Treasury bills), taxed separately from salary. Many investors are only now realizing the higher rates.
The annulled state registry of short-term rentals has cost Andalusia over €500 million in administrative costs and lost profits, according to the regional government. The Supreme Court ruled the state lacked competence, siding with Andalusia, Valencia, Canarias, and Murcia.
A new Royal Decree Law effective May 14 reduces the pharmaceutical co-payment for workers with medium and low incomes, especially benefiting chronic and multi-medicated patients. The change modifies the percentage paid based on income and employment status.
The government is trying to convince the European Commission to unblock €475 million in frozen Next Generation EU funds by waiving a required diesel tax hike, now politically impossible due to soaring oil prices from the Iran conflict. The fiscal reform originally promised the increase.
Six years of uncontrolled solar panel expansion have destabilized Spain's electricity grid, forcing operator Red Eléctrica to request an emergency €600 million investment to compensate for severe oscillations, especially in Andalusia, Extremadura, and Castilla-La Mancha.
Former Prime Minister Zapatero has been imputed as the strategic supervisor of a €53 million rescue of Plus Ultra airline during the pandemic. Police reports describe a web of influence peddling, shell companies, and false invoices orchestrated to secure the public aid.
Israel demanded explanations from Spain after the Ertzaintza (Basque police) charged activists returning from a Gaza flotilla in Bilbao. Israel accused Spain of hypocrisy for condemning Israel while remaining silent on the incident.
European Commission President von der Leyen and UK officials have called on Iran and the United States to sign a principles agreement paving the way for an indefinite ceasefire. This follows predictions from Trump and Rubio that the deal was imminent.
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