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Spaniards allocate 41.4% of gross salary to taxes and contributions, compared to 35.1% in OECD

In 2025, single Spanish worker without children allocated 41.4% of their gross salary to taxes and Social Security contributions. This compares to an average “tax wedge” of 35.1% across the Organization for Economic Co-operation and Development (OECD), according to the “Taxing Wages” report published by the advanced economies’ think tank. While the tax burden on labor costs in the OECD increased by an average of 0.15 percentage points compared to…

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Crédito y CauciónCrédito y Caución
Europa energía gasoducto

ZEW Economic Sentiment Survey disappoints and hits lowest level since 2022

Bankinter | The ZEW Economic Sentiment Survey surprises on the downside in April and stands at its lowest level since December 2022. The ZEW survey shows a sharper-than-expected decline and falls into negative territory for the second consecutive month. Bankinter analysis team’s view: The sharp fall reflects concerns about economic growth and the impact on energy prices arising from the US-Iran conflict. The figure is even weaker than that recorded…

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Banner CIR, junio 2022

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IMF and World Bank to mobilise additional $150 billion to mitigate energy shock in emerging economies

Norbolsa | Last weekend saw the conclusion of the IMF and World Bank meetings, amid concerns over the impact of geopolitical shocks and the fleeting optimism generated by news of the opening of the Strait of Hormuz. Nevertheless, it became clear that the expectation of the US as a decisive force in resolving global conflicts cannot be sustained, given the increasing frequency of geopolitical impacts. Nevertheless, they committed to mobilising…

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interviews

antonio bonet

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

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ElenaJimenezdeAndrade

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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