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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.

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.