January 19, 2021

The tax inspectors remember that the "Google rate" negatively affects the activity

The tax inspectors remember that the "Google rate" negatively affects the activity


ALICANTEUpdated:

The new taxes planned by the Government are unknown as to the effect on collection and activity. The inspector of Finance and representative of Spain before the EU, Jorge Alberto Ferreras, recalled that the OECD, in its initiative to tax the tax engineering of multinationals, warns that taxes on technology have a "negative impact" on activity. He has done it during his speech at the XXVIII Congress of Inspectors of the State Treasury held this year in Alicante, where he has influenced, the body recommends that they must be temporary taxes (until these companies are taxed globally), that they "try to minimize" the double taxation as well as the administrative burdens and the impact on start-ups that are beginning.

All this amount of international recipes must be complied with by Spain. As has also pointed the inspector of Finance and representative of Spain to the European Union, Francisco Fernández Monge, our country is going to become the first European state to tax with 3% in business of digital services including sales of online ads, the intermediation of digital platforms and the sales of platforms that use data generated by users of companies with a turnover of more than 3 million.

France has a "Rate Youtube"that taxes ten seconds of advertising before the video, Hungary only taxes online advertising in the Magyar language while the idea of ​​the tribute Italian, similar to Spanish, has not happened to be an advertisement.

The Government of Pedro Sánchez believes that it will raise 1,200 million with the Google rate, a quarter of the 4,800 million euros (0.03% of the European Gross Domestic Product) of income in Europe that estimated Brussels with a continental figure, despite the fact that Spain accounts for 7.6% of EU GDP.

The estimate of 1.2 billion (0.1% of the national GDP) that, without entering all year, contrasts with the estimate that the United Kingdom has made for a similar tax, of 225 million (0.009% of GDP). Although this is an idea that the Commission wants to implement throughout Europe, each country can go ahead by taxing technology in a special way.

The European Commission is paying close attention to how the tax will be implemented in Spain and is developing the OECD's suggestions. And in fact, as asserted by both Ferreras and Fernández, the future of the tax throughout the European Union will be decided largely in the Ecofin on November 6th, when each Minister of Economy of each country will have to pronounce on the proposal.

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