Foregone revenues in respect of Spain’s key taxes
Fecha: noviembre 2020
José Félix Sanz-Sanz and Desiderio Romero-Jordán
Foregone revenues
SEFO, Spanish and International Economic & Financial Outlook, V. 9 N.º 6 (november 2020)
As a result of tax breaks for personal income tax, value-added tax, and corporate income tax, the Spanish government foregoes 77.18 billion euros worth of revenue each year. However, closer analysis shows there is room to rationalize existing tax benefits in order to increase the efficiency and simplicity of the Spanish tax system.