May 26, 2010 / 7:29 AM / 10 years ago

Spain to introduce tax on rich in next few weeks - PM

MADRID, May 26 (Reuters) - Spain’s government will impose a tax on high earners in the next few weeks, Prime Minister Jose Luis Rodriguez Zapatero said on Wednesday.

“I’ve said we will ask for a greater effort from the higher earning citizens in our country ... in the next few weeks,” Zapatero said during a parliamentary session.

He declined to give more details.

Last week reports suggested the government would introduce a tax on people with a net worth of 1 million euros ($1.23 million). The move would be in addition to a 15 billion euro austerity package aimed at cutting Spain’s budget deficit.

Reporting by Manolo Ruiz; writing by Nigel Davies

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