The Treasury will impose a 5% tax on foreign and Spanish companies’ digital services. This new tax will be on the intermediary services and the publicity and sale of digital data up to 5% of the turnover of all companies which offer these services in Spain.
The spectacular results of the four major US technology firms drove the Nasdaq index to a new record high as it closed the week at 6.701, a rise of 35% since the highs of the technology bubble at the start of the century which was a psychological level many thought would never be recovered.
It doesn’t matter what Trump says: the manufacturing companies are facing hard times. The best example of this is the Dow Jones. If the index was composed today of the same stocks as in 2004, it would not reach 13,000 points.
WASHINGTON | When were US $92 million worth US $22 billion? On July 26, 2015. That was the day when Amazon presented its second quarter earnings.
MADRID | By Sean Duffy | The OECD´s announcement this week that it was initiating a plan to combat tax avoidance schemes from multinationals has been met with almost universal approval across Europe. Ireland in particular has been the subject of criticism from its EU partners. Until recently, the country had determinedly defended its tax policy, famously refusing to negotiate on the issue when the country was in need of an EU bailout back in 2009.
SEVILLE | By Ana Fuentes | When it comes to innovation and data management the U.S. is the absolute global leader. But Brussels wants to make up for many years of sitting on its hands: the cake is too yummy to allow Amazon or Google to eat it all. Fiware, a tech platform born from a public-private partnership, aims to finance an open ecosystem for SMEs to develop innovative projects. The budget for the best ideas is 100 million euros, way less than the American big firms are investing. But Spanish entrepreneurs eager to leave the crisis mood behind insist it’s worth to give it a try.
MADRID | Fortune 500 company Amazon announced Friday plans to open its first logistics centre in Spain, seven months after the launch of Amazon.es, the Spanish version of…
NEW YORK | Microsoft entered the battle for the e-readers this week thanks to a strategic partnership with Barnes & Noble. Their alliance, dubbed as…