FILE PHOTO: Facebook logo is seen on a shop window in Malaga, Spain, June 4, 2018. REUTERS/Jon Nazca/File Photo
MADRID (Reuters) – Spain’s plans to tax tech companies’ revenues does not discriminate against any country, a government source told Reuters on Tuesday after the United States opened a probe into such taxes or proposals by its various trading partners.
The announcement of the U.S. “Section 301” investigation that could lead to punitive tariffs came just two days before the Spanish parliament was due to debate a proposal to tax revenues booked locally by tech giants such as Facebook (FB.O), Alphabet Inc’s Google (GOOGL.O) and Amazon(AMZN.O).
The tax would be based on objective criteria and would be adapted to fit within any framework agreement reached by the Organisation for Economic Cooperation and Development (OECD), said the source, adding that the government followed the proposals by the European Commission.
U.S. Trade Representative Robert Lighthizer said…
Source Reuters Tech News
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