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Spanish PM announces rise in VAT sales tax to 21% from 18%
Spanish Prime Minister Mariano Rajoy announced Wednesday a rise in VAT sales tax to 21 percent from 18 percent, marking a U-turn for his conservative government.
The European Commission had asked Spain to raise more money through value-added tax even as it agreed to relax the recession-bound nation's targets for reducing the public deficit.
gr-sg/djw/hd
