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Slideshow ( 3 images ). MADRID (Reuters) - Spain plans to raise taxes on large companies and wealthy people to fund increased spending on social care and infrastructure as part of its 2021 budget, the government said on Tuesday. The left-wing government was spelling out some of its plans after it had already forecast earlier this month a worse-than-feared contraction of the coronavirus-battered economy this year and a strong rebound in 2021. “This budget cannot be postponed. This budget is essential for the modernization and recovery of our economy,” Prime Minister Pedro Sanchez said in a televised statement. The tax moves include raising corporate taxes on large companies, income taxes on... Full story

27 October