This story seems to be over, although not everyone is like this:Eat part“. On January 16th (Saturday), the “Google” and “Tobin” rates will become effective.
In January 2019, the Council of Ministers approved the controversial interest rate. It became effective two years later. However, its practical application will not appear until later.
What are Google rates?Tax certain people Digital service that 3% tax will be added Online advertising, online intermediary services and data sales. This tax only applies to companies with the following conditions: International turnover is 750 million euros and Spain is 3 million euros.
Since there is no international agreement, this ratio has caused much controversy, but an agreement is being studied globally or in Europe.and Office of the United States Trade Representative (USTR) Has announced a digital service tax approved in Spain (other European countries that have approved this tax are Austria and the United Kingdom), It is “discriminatory” to U.S. companies and does not comply with international tax principles. They believe that American companies will be the most affected because its scope of application will affect 34 American companies and only 2 Spanish companies.
The first collection of this fee will take place in July, and the fee must be paid in the first six months of the year.It is estimated that they will enter the treasury 968 million euros.
What is the Tobin tax?This rate A 0.2% tax will be levied on all purchases of shares issued in Spain by listed companies with a stock market value of more than 1 billion euros. In this case, neither the stocks of SMEs nor the stocks of companies listed in the puzzle will be affected.
The Ministry of Finance, through the Tax Office, announced in December a list of 56 companies with shares worth more than 1 billion euros. These companies are: Inditex, Iberdrola, Banco Santander, BBVA, Amadeus, Cellnex, Endesa, Aena, Siemens Gamesa, Naturgy, Telefónica, Ferrovial or CaixaBank.
For all financial transactions corresponding to January, the rate will start on February 22, but the U.S. Treasury Department has decided to postpone it to April 10 or 20, in January, February and March. Settlement.One Collected 850 million euros.