31.05.2014 16:02:02

Spain Plans To Boost Spending

(RTTNews) - The Spanish government will roll out a spending package worth above $8 billion next week to support growth and create more jobs, Prime Minister Mariano Rajoy said Saturday.

He said the corporate tax rate will be lowered to 25 percent from 30 percent.

The package to be passed by the government next Friday, also include tax break for companies that raise equity and reduce their leverage.