Spain raises taxes on alcohol and tobacco to cut public deficit
26 June 2013. The Spanish government, which is struggling to cut one of the eurozone's largest public deficits during a double-dip recession, has raised taxes on tobacco and alcohol.
In the case of alcoholic drinks, the tax increase will be of 10 percent but wine and beer will not be touched.
The tax hikes are expected to generate increased revenues of around €700 million this year.