Spain's Constitutional Court endorses new wealth tax, court says

File photo: People walk in and out of a metro station at Puerta del Sol square in Madrid, Spain, September 27, 2021. REUTERS/Susana Vera/File photo

MADRID (Reuters) - A new wealth tax introduced by Spain as part of measures aimed at easing the cost of living of ordinary Spaniards amid high inflation was endorsed by the Constitutional Court, it said on Tuesday.

The court rejected an appeal lodged by Madrid region which considered the levy infringed its regional prerogatives, the court said in a statement.