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The Government Approves a New Tax for Socimis and Promises a Law to Limit Rental Price Rises by March

The President of the Government, Pedro Sánchez, has assured during the presentation of the preliminary draft of the General State Budgets that he will present a law to Congress within the next four months to limit and lower rental prices.

Pedro Sanchez y Pablo Iglesias presentacion PGE fuente Moncloa 1024x635 1
Pedro Sánchez and Pablo Iglesias at the presentation of the preliminary draft of the State Budget. Source: Moncloa/Borja Puig.

On Tuesday, the President of the Government, Pedro Sánchez, and the Vice President, Pablo Iglesias, presented the preliminary draft of the General State Budgets, which propose tax increases, including a tax on listed real estate investment companies (Socimis).

Specifically, Iglesias announced tax increases on personal income, companies and assets. These measures seek to guarantee that “those who have the most contribute more,” according to the Vice President of the Executive.

Read the full article in Spanish.

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