MADRID (Reuters) - A tax reform due to be announced in the first quarter will bring about the gradual reduction of tax rates in Spain over the coming years, Prime Minister Mariano Rajoy said in a speech on Sunday to a national convention of the ruling People's Party.
The right-wing of his conservative party has been unhappy with Rajoy's hiking VAT rates and income taxes during the first two-years of his four-year mandate as the government struggles to shrink a huge budget gap.
(Reporting by Fiona Ortiz)
(c) Copyright Thomson Reuters 2014. Check for restrictions at: http://about.reuters.com/fulllegal.asp
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.