Spain’s government approved Tuesday the introduction of new taxes on digital business and stock market transactions, following similar steps by other European countries. The Cabinet agreed at its weekly meeting to adopt the so-called Google (GOOG) tax and Tobin tax. Finance Minister Mara Jesus Montero said the Google tax, which has angered U.S. authorities and brought a threat of tariffs by the Trump administration, will be levied only from the end of the year. Read More...
Spain looks to adopt ‘Google tax’ that has angered the U.S.
Spain’s government approved Tuesday the introduction of new taxes on digital business and stock market transactions, following similar steps by other European countries. The Cabinet agreed at its weekly meeting to adopt the so-called Google (GOOG) tax and Tobin tax. Finance Minister Mara Jesus Montero said the Google tax, which has angered U.S. authorities and brought a threat of tariffs by the Trump administration, will be levied only from the end of the year.
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