Tax the rich to feed the poor, say Toxo and Méndez
Friday, December 28, 2012 @ 12:23 PM
LEADERS of Spain's major unions have written to the country's president with 'Robin Hood-style' ideas as to how to end the recession. Cándido Méndez and Ignacio Fernández Toxo, heads of the UGT and CCOO respectively, have told head of State Mariano Rajoy that extra taxes should be placed on ultra-high net-worth residents and that multi-billion-euro businesses should not be entitled to a deduction on company tax, or Impuesto sobre Sociedades (IS).
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