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Spaniards allocate 41.4% of gross salary to taxes and contributions, Daniel Lacalle notes

Spaniards allocate 41.4% of gross salary to taxes and contributions, Daniel Lacalle notes
Spaniards pay more taxes than OECD average

Daniel Lacalle, Chief Economist / Investment Manager at Tressis Gestion, states that Spaniards allocate 41.4% of their gross salary to taxes and contributions.

This figure compares to an average of 35.1% in OECD countries, according to his statement. No further details were provided.

Lacalle has previously stated that sovereign debt no longer offers security as bond yields rise on inflation and solvency concerns. He has also commented that, despite market focus on Iranian and Russian oil, the U.S. remains the largest oil producer. His remarks often touch on cross-border economic pressures and policy impacts.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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