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Tax & Spend

Spain’s Millionaire Levy Sets Stage for Tax Clash Ahead of Vote

  • PM Sanchez mulls proposal after some regions ditch wealth tax
  • Government says measure will affect 1% of population
Pedro Sanchez

Pedro Sanchez

Photographer: Jason Alden/Bloomberg

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Spanish Prime Minister Pedro Sanchez is raising the stakes over a levy on the rich aimed at easing the burden of soaring inflation, setting the stage for a tax clash with opposition politicians ahead of next year’s elections.