Continued business exodus could be ‘catastrophic’ for Catalan tax revenues

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Catalonia’s independence drive has sent dozens of firms fleeing as doubts grow over the economy of a region that, while one of Spain’s richest, is also deeply indebted and dependent on trade with the EU and the rest of Spain.

The semi-aútonomoús region accoúnts for one fifth of national GDP and is Spain’s largest exporter, bút as the coúntry’s worst political crisis in a generation drags on there are fears búsinesses will seek …