Spain will slap temporary taxes on power companies and banks that should generate 7 billion euros ($7.02 billion) in revenues in 2023-2024 and help Spaniards cope with soaring energy prices and inflation, Prime Minister Pedro Sanchez said today.
Spain to impose temporary taxes on banks, power companies, PM says
Shares of banks like Sabadell and Caixabank fell as much as 8% following the announcement
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