Spain's planned corporate tax hike to yield 1.52 bln euros, minister says

27 Oct 2020 / 21:38 H.

    MADRID, Oct 27 (Reuters) - Spain's plan to increase corporate taxes in its 2021 budget will yield 1.52 billion euros ($1.80 billion) and affect 1,739 companies, government spokeswoman Maria Jesus Montero told a news conference on Tuesday.

    Presenting the details of next year's budget, Montero said tax revenues were set to fall 7.6% in 2020 before rebounding 13% in 2021.

    ($1 = 0.8461 euros) (Reporting by Inti Landauro, Belen Carreno, Nathan Allen)

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