A new tax on solar power introduced two weeks ago by the Spanish government has been described as "ludicrous" and "stupid" in two leading international publications.
US business and finance magazine Forbes pulled no punches in an article titled, "Out of ideas and in debt, Spain sets sights on taxing the sun".
It pointed out that Spain "is one of the top countries in the world with respect to installed photovoltaic (PV) solar energy capacity."
But the author took an incredulous tone and noted: "Spain is now attempting to scale back the use of solar panels ‚Äď the use of which they have encouraged and subsidized over the last decade ‚Äď by imposing a tax on those who use the panels."...
let there be light. Solar. wrote: Taxing solar energy? Why? Because up till now it was free! And you don't get tax's from free. Typical bureaucrats?? But the problem they have in Spain is that they are broke. "BRUSSELS - Eurozone finance ministers agreed Monday (3 December 2012) that ‚ā¨39.5 billion will be paid to prop up Spain's banks" Where the money is in Spain:- Football!! "Gareth Bale has been presented to Real Madrid supporters following his world record ¬£85.3m (100m euros) transfer from Tottenham." Footballers are getting to be very expensive. I wonder if the poverty stricken unemployed appreciate this amount paid for a football player? I wonder if the Spanish government will tax this football team?
My thoughts exactly. And Bale's "wages" will be ¬£300,000 per week! Yep, ¬£300,000 per week.
Some will say it is a good time to buy property in Spain as prices plummet. But what they don't tell you is that crime will increase in proportion, and that happy retirement will turn into a grievous episode.