Spain proposes to levy new tax to meet EU demands

‘Spain’s government has proposed to levy a new tax on pollutant-producing businesses as part of its efforts to meet a budget outlay devised by the European Union (EU).
Media reports said on Sunday that the new environmental tax, which aims to earn the government about 500 million euros ($528 million) and reduce greenhouse gases causing global warming at the same time, is part of Madrid’s new budgetary plan.
The proposed government budget will need approval in the Spanish parliament for it to be executed.
The government’s revised budgetary plan also includes a formerly announced tax hike on tobacco and beverages, which will raise 350 million euros ($369 million).’
Read more: Spain proposes to levy new tax to meet EU demands