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Deflactation

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Illustrative image: a tax document and a pen on a wooden table illuminated by a desk lamp at night.

Taxation

The failure to update income tax reduces salaries by 647 euros for those earning 18,000 euros annually

A salary of 18,000 euros loses 647 euros net per year due to the lack of income tax deflation, according to Pimec. Spain leads Europe in 'fiscal drag' impact.

Álvaro Sáez Ferrer · 23 July 2026