Post by account_disabled on Feb 19, 2024 23:02:34 GMT -8
The BOE published this Friday the new Tax on Certain Digital Services. In a nutshell: the Google rate. The new rule contemplates its entry into force 3 months after it is published, so it is to be expected that Spain will begin to tax 3% of various income of technology multinationals for their activities in the country as of January 16 . But, despite the fact that the legal instrument already exists, everything is up in the air. Earlier this week the OECD concluded that there would not be a global consensus on this new tax until at least mid-2021 . If the deadlines are accelerated, the new Spanish tax would come into force, at least, 3 months earlier.
France has approved its digital services tax — known as the GAFA rate, after the acronym for Google, Apple, Facebook and Amazon — since the end of last year. However, it has not begun to be implemented, at the expense of how negotiations develop at the global level. And at the expense, also, of Trump's threats . Some editorials in French media, such Middle East Phone Number List as Le Monde , suggest that Macron's government not embark alone in a trade war with the United States for which it does not have the means. Let him wait for Europe. French Finance Minister Bruno Le Maire recently called for the European Union to urgently adopt a digital tax for big technology companies. "Either another extension of months, perhaps years, is accepted, or taxes on digital activities are considered urgent and in this case Europe sets an example.
We consider it essential that Europe sets an example and adopts a digital tax as soon as possible ," he said, in statements reported by Reuters . Without agreement, for the moment, at a global level. At the beginning of 2020, the 137 countries that make up the OECD agreed , ironically, to agree. The European Commission had threatened to explore its own tax just days earlier. He also did it in August and last month . Finally, in mid-October the negotiations ran aground. Although initially the agreement was to be reached at the end of 2020, the OECD recognized just a few days ago that no, the agreement will finally be reached well into 2021. The OECD fears the outbreak of trade wars due to unilateral taxes Donald Trump takes off his mask The next moves to expect are those of the European Commission itself, now that the OECD has confirmed its delay, and now that France urges the community institutions not to continue waiting.