Post by account_disabled on Feb 20, 2024 5:32:15 GMT -5
Paradoxically, it was not the first time he had done it. Although it was initially presented in October 2018 and approved for the first time in January 2019 , the early call for elections on April 28, 2019 caused its processing in the Cortes to expire. In its second approval, the Minister of Finance and spokesperson for the Executive, María Jesús Montero, warned that with this new tax the Government expected a collection of almost 1,000 million euros . When it was first presented in 2019, the Government was much more ambitious: it hoped to raise up to 1.2 billion. Expectations were reduced in the face of what was diagnosed in February as a "slowdown of the economy." Now that the contraction of the economy is a fact due to the COVID-19 pandemic, it is unknown how much the Government expects to collect. Between its approval in the Lower House and its examination today in the Senate, several actors have spoken out about this new tax.
One of the employers' associations of the Spanish digital economy asked last June that the Google rate be regulated at least at the European level , after the Trump Administration planted Middle East Phone Number List the rest of the world's economies in the OECD forum. Read more: 7 formulas that can stop tax avoidance by technology giants, according to one of the most influential economic lobbies in Spain This proposal represented an explicit threat from the US Treasury Secretary, Steve Mnuchin, who received a joint diplomatic response from the most prominent countries: Italy, France, the United Kingdom and Spain itself. Montero warned days later that no European country would accept threats.
Criticism of the new tax The idea of a global Google tax is desired by all countries—except the United States. Sánchez himself, in a press conference, warned the following at the end of May: "What we said is 'we are going to wait for the OECD to decide', which initially was going to be at the end of this year when this imposition on corporations that, I insist, are not paying taxes, they do not pay them like the self-employed, they do not pay them like small and medium-sized companies , and therefore they introduce a very important distortion in the market.