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General

Spanish lower house agrees to proceed with 'Google tax' draft

Friday 5 June 2020 | 09:40 CET | News
Spain's lower house, the Congress of Deputies, has voted to start drafting 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" 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. Finalising the legislation is now set to take a further 3 to 4 months.

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