A successful tax policy has succeeded in revealing the true extend of wealth inequality in Spain, generating considerable revenue for regional governments.

Between 2011 and 2017 Spaniards making more than €30 million increased by 74%, according to data released by Spanish tax authorities. At the same time, citizens who declared property worth more than €1.5 million grew by 35%.

The surge in numbers is the result of a devolved administration tax on individual “net worth,” if their assets ex...


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