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 Spanish government is facing a motion of censure. In the country’s parliamentary system, if one is presented it requires that an alternative candidate be put forward, who will certainly be the socialist Pedro Sánchez. The debate and the voting will be held on 31 May and 1 June, respectively. Considering the current composition of parliament, Bankinter’s experts provide below the three possible numeric combinations needed for the motion of censure to go through.
Spain’s three big television channels (TVE, Mediaset España and Atresmedia), have announced the commercial launch of their hybrid television for the end of 2018 or beginning 2019. It’s a service which combines traditional digital TV enhanced with content from the broad band connections in homes.
For a long time, Spain has had a “debt pending” in terms of budgetary stability. And, for the time being, the current scenario leads us to think that balancing the public finances is a difficult objective to achieve in the medium-term. Added to that problem is the high level of government debt.
Spain’s economic growth has only just begun. According to Morgan Stanley’s macroeconomists, the last Spanish cycles have lasted increasingly longer, from ’82 to ’93 and from ’94 to ‘2013.
Spain’s energy market authorities has published an economic-financial analysis of the energy transport activity which Red Eléctrica carried out during the period 2013-2016. In this report, it has recommended a downwards revision to the financial remuneration rate for electricity transport for the next regulatory period beginning 1 January 2020.
The 2018 budgets predict very optimistic increases in revenues (+6% in some taxes). But there is no real risk of non-compliance if spending remains tightly controlled.
Enrique Fanjul (Real Instituto Elcano) | There has been a lot written lately about the role of the foreign sector as the driver of the Spanish economy’s recovery. There have also been some very interesting academic papers published, which provide us with more details of the new configuration of Spanish exports. The exports map is changing, with non-tourism services an increasingly more important segment.
Is Germany pro-independence? No, no it isn’t, despite the fact that the separtist propaganda operates intelligently in Germany – with Puigdemont top of the list, in his role as the victim of an oppressive and anti-democratic Spain.
The Public Works Minister, Íñigo de la Serna, said the ministry will launch “before the summer” a record 2.717 billion euros investment programme for AVE high-speed train and roads.