Tags: EU | Spain | Budget

Spain Plans $528M in Environmental Taxes to Meet EU Goals

Sunday, 11 December 2016 07:13 AM EST

MADRID (AP) — Spain wants to raise 500 million euros ($528 million) from new environmental taxes as part of a package of fiscal measures to meet the European Union's budget deficit goals.

The new environmental taxes are part of the revised budgetary plan Spain has submitted to the European Commission. The plan says the new taxes will target a reduction in greenhouse gases.

Spain's plan also includes previously announced tax hikes on tobacco, alcoholic beverages and a new tax on soft drinks that together it says will raise another 350 million euros ($369 million). The plan also includes measures to crack down on tax fraud, streamline government administrations and eliminate some tax breaks for businesses.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Spain wants to raise 500 million euros ($528 million) from new environmental taxes as part of a package of fiscal measures to meet the European Union's budget deficit goals.The new environmental taxes are part of the revised budgetary plan Spain has submitted to the...
EU,Spain,Budget
114
2016-13-11
Sunday, 11 December 2016 07:13 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved