Majorca.—Spain’s opposition socialist party yesterday urged the government to implement as soon as possible the financial Tobin tax, a levy created by U.S economist James Tobin in the early 70’s, to reduce the social differences in the country.
The appeal comes after reports from Eurostat revealed this week, confirming that one out of every three citizens in Spain now live on the poverty line and in risk of social exclusion.
Calls for new tax system to tackle alarming poverty and social exclusion