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General

Spanish govt green lights 'Google tax', delays collection

Wednesday 19 February 2020 | 13:58 CET | News
The coalition government of Spanish prime minister Pedro Sanchez has approved the implementation of a new 3 percent tax on the digital revenues of large internet firms following similar moves in other European countries including France, the UK and Italy. The so-called "Google tax", which still requires parliamentary approval, is designed to prevent companies including Google, Amazon, Facebook and Apple from avoiding tax by routing their profits to Ireland and other low-tax states.

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Categories: General
Companies: Amazon / Apple / Google
Countries: Spain
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