Regulatory Issues | Legal and Financial Matters |
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The Spanish labour market is characterised by a relative lack of conflict and the possibility of reaching collective agreements. Flexibility in labour relations and the availability of incentives for contracting foster the development of an agile, dynamic labour market.
The tax system is modern and competitive, as shown by the fact that fiscal pressure, measured as the percentage of tax and social security payments in reference to the GDP, is five points lower than that of our neighbouring countries. |
