New luxury goods tax to drive yachts from Mallorca?

Boats in Mallorca

A proposed new tax on high-end, non-essential items in the Balearics could have detrimental impact on business owners

The Confederation of Balearic Business Associations (CAEB) has warned that introducing a tax on high-end, non-essential items such as yachts in the Balearic Islands could lead to an exodus of vessels and detrimentally impact business owners there.

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