Spain’s Government Fails to Pass Budget, Puts Digital Tax In Jeopardy

Feb. 13, 2019, 2:40 PM

Spain’s ruling left-wing coalition government failed to gain cross-party support for its budget, which included a proposal to impose a 3 percent tax on digital companies.

The budget was rejected by 191 votes of the 350-seat chamber after the government refused an ultimatum issued by two small Catalan pro-independence parties, whose support they counted on for passage.

The prime minister may call a snap election but if the left-leaning party loses, this could spell the end of the proposed digital tax.

  • Spain would have been among the first EU member states to adopt its own digital tax, even as the ...

To read the full article log in. To learn more about a subscription click here.