Select a language
A new low-rate Spanish bank deposit tax, which will see banks rather than account holders pay levies, is being introduced to “impose order in the Spanish banking system,” the Treasury Minister Cristóbal Montoro said yesterday.
The new fees will see between 0.1 per cent and 0.2 per cent taxed from bank deposits and is expected to raise between €1.5bn and €3bn.
Spanish bank deposits currently total around €1.5trn and the new measure will take effect in the coming weeks.
Receive the best of European journalism straight to your inbox every Thursday
Read more about the topic
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
Go to the event >