The Tax Agency has estimated the number of Spanish listed companies at 56 whose shares, as of December 16, 2020, had a market capitalization value of more than 1,000 million euros and whose purchase of securities will be subject to the new transaction tax financial statements, known as the ‘Tobin tax’.
This is clear from the list of Spanish companies whose shares had a market capitalization value of more than 1,000 million euros as of December 16, published by the Tax Agency, since until the entry into force of the law of the ‘ Tobin ‘rate was established that the companies whose capitalization presented a month before a market value higher than that figure would be taken as a reference.
At that date, a total of 56 Spanish companies had shares with a market capitalization value of more than 1,000 million euros, led by Inditex (82,778 million), Iberdrola (71,501 million) and Banco Santander (46,455 million), together with BBVA (27,044 million), Amadeus (26,579 million), Cellnex (24,578 million) and Endesa (23,832 million).
They are followed by Aena, Siemens Gamesa, Naturgy, Telefónica, Ferrovial, the Spanish subsidiary of EDP Renovaveis, Grifols, CaixaBank, Repsol, Red Eléctrica, IAG, ACS, Acciona, Enagás, Mapfre, Bankia, Colonial, Bankinter, Fluidra, Merlin Properties, FCC, Grupo Catalana Occidente, Ebro Foods, Viscofan, Zardoya Otis, Vidrala, Solaria Energía y Medio Ambiente, CIE Automotive or Acerinox.
The ‘Tobin’ rate will also be levied on the purchase of shares in Corporación Financiera Alba, Laboratorios Farmacéuticos Rovi, Logista, Gestamp Automoción, Banco Sabadell, Almirall, Euskaltel, NH Hotel Group, PharmaMar, Prosegur, Mediaset, Amrest Holdings, Prosegur Cash, CAF , Meliá Hotels International, Sacyr, Applus Services, Indra, Unicaja and Faes Farma.
The settlement of the new tax on financial transactions, which comes into force on January 18, will begin on February 22 and will take place on a monthly basis around the 20th of each month, according to the published 2021 taxpayer calendar by the Tax Agency and collected by Europa Press.
In this way, on February 22, the tax corresponding to January will be settled and so on every month of the year until the end of the year, since its settlement will be monthly.
The Government plans to collect 850 million euros per year with the ‘Tobin tax’, by taxing 0.2% on operations to acquire shares issued in Spain of listed companies whose market capitalization is greater than 1,000 million euros. The purchase of shares of SMEs and unlisted companies will not be taxed.