New taxes on stock trades and high-tech companies will come into effect in Spain early 2021, after the senate passed two proposals Wednesday.
The votes are a victory for the coalition government, which has expressed frustration with the slow progress of stalled negotiations for European Union-level solutions for taxing big tech companies and financial transactions.
“The world has changed, and today it is traditional businesses that pay more, proportionately, than big tech companies. And that is without doubt unfair,” Cosme Bonet, a senator for the governing Socialist Party, said of the digital services tax during the debate.
The measures ...
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