MADRID (Reuters) – Spain will introduce temporary extraordinary taxes on power companies and financial institutions in 2023 and 2024 to help Spaniards cope with soaring energy prices and inflation, Prime Minister Pedro Sanchez said on Tuesday.
The government expects to rake in 2 billion euros a year in 2023 and 2024 from a tax on extraordinary profits of power utilities made this year and next, while the temporary tax on financial institutions will bring in 1.5 billion euros in revenues a year, he told parliament in a state of the nation speech.
(Reporting by Belen Carreno, writing by Emma Pinedo, editing by Andrei Khalip)
