Spain Wants to Tax Google
December 12, 2019
International agreements about taxing corporations are complex. Spain, like France, is not kicking back and letting the status quo prevail. El Pais (paywalled, gentle reader) reported that Spain is planning on going ahead with Google tax despite US tariff threats. You can access the story and the paywall block at this link.
The newspaper stated:
After US President Donald Trump threatened to impose tariffs of up to 100% on French products, on Monday the EU closed ranks, announcing that it would respond “united” to a measure of this kind.
How much would companies subject to the tax have to pay? Think in terms of three percent.
When will the tax become more than terrace talk? As soon as Spain formulates its new government. Or mañana.
Stephen E Arnold, December 12, 2019
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