Money talks. On Jan.1, Bizkaia, the Basque Country province, introduced new tax breaks with one of – if not the – highest deduction rate in the world: up to 70%. No other rate registered in Olswang-SPI’s Global Incentives Index 2023 reaches such heights.

Also on Jan. 1, mainland Spain raised rebate caps on TV dramas to €10 million ($10.9 million) per episode, which climbs to €18 million ($19.6 million) per episode in the Canary Islands.

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