Spain to tax rich to offset inflation relief measures
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Budget Minister Maria Jesus Montero told La Sexta television channel it is important that "we can finance the aid" put in place to support "the middle class and workers".
The tax will last for two years and affect "no more than one percent" of the population, Montero said.
"When we talk about rich people, we are talking about millionaires," she added.
The minister did not provide details on what the tax rate would be or how much it would raise.
The annual inflation rate hit 10.4 percent in August. It has remained in double digits since June, a level not seen since the mid-1980s.
The government has introduced a raft of measures to help people cope with soaring prices, such as free public transport, stipends for students to stay in school and subsidised petrol.
The government says the measures amount to 30 billion euros ($30 billion), or 2.3 percent of Spain’s gross domestic product.