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Spain, France, Italy, the UK, Austria and Turkey will remove the Google tax and transfer tax policy to the new US and OECD-Led project

Up to six European countries have already announced that they will abandon the Digital Services Tax (DST) (known as the Google tax) after its failure to raise revenue. They have expressed their intention to eliminate this tax and transfer their tax policy to the new international project, led by the US, on which the Organisation for Economic Co-operation and Development (OECD) is already working. These countries will wait for the OECD’s new tax rules to be approved before eliminating their Google taxes.

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Spain to earmark 20% of its special drawing rights to the trust funds for vulnerable countries

Alphavalue | Spanish Prime Minister, Pedro Sánchez, has announced that the country will earmark 20% of its special drawing rights to the trust funds for vulnerable countries. The special drawing rights (SDR) are an international reserve asset, created by the International Money Fund in 1969 to supplement its member countries’ official reserves. Specifically, Sánchez has said that a minimum of 350 million euros will be destined for boosting the capital…


Almost 80% Of The Total Spanish Population Is Vaccinated

The Ministry of Health has notified on Monday that 90% of the target population, i.e. those covered by the vaccination campaign, have already received at least one dose of COVID-19 vaccine. In total there are 37,891,519 people, almost 80% of the total population of Spain. With regard to the current average incidence of infection in Spain in the last 14 days, the slight rise recorded in recent days has been slowed down, with the figure falling to 41.90 cases per 100,000 inhabitants.


We Are Not Sinking. And If We Do Sink… We Have Submarines

T.C. | Next Thursday, 22 April, in Cartagena (Murcia), King Felipe VI will preside over the launch of the S-81 Isaac Peral, the first submarine built by Spain alone (until now the development costs were shared with other countries, with France in the case of the latest submarines), which will be sponsored by his daughter Leonor, Princess of Asturias and heir to the throne.


Hunger Strike On The Costa Dorada

T.C. | Eduardo Abenojar, president of the Restaurant and Nightlife Association of Salou (a small tourist town 100 km from Barcelona, considered the capital of the Costa Dorada) began a hunger strike yesterday at 12.30 pm to ask the Generalitat to reopen his business because “we have neither help nor hope”.


2,500 Judges Denounce The Spanish Government In Brussels For Attacking “Judicial Independence”

T.C. | Faced with the impossibility of reaching a sufficient parliamentary agreement (it requires an agreement with the opposition) to renew the members of the General Council of the Judiciary, which has been in office for two years, the coalition government of the PSOE and UP passed a rapid reform that ties the Council’s hands and feet and prevents it from making appointments while it is in office. Thus, it is a Council “in functions” but unable to function.

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Spain: Hotels For Sale

T.C.| The large Spanish hotel chains are seeking liquidity by selling assets and are opting for the ‘sale & leaseback’ option to maintain management. According to Meliá’s director of real estate, Mark Hoddinott, the group is identifying assets worth between 150 and 200 million. NH, the Spanish chain controlled by the Thai group Minor, is also considering the sale and leaseback of several hotels. According to Moody’s, the group expects to generate more than 200 million in additional cash. RIU, a partner of the German group TUI, has three hotels for sale: in Madeira (Portugal), Lanzarote (Spain) and Panama with a combined valuation of around 250 million euros. 

Green economy

Sustainable Investment Amounts To 285,454 Million Euros in Spain

Fernando Rodriguez | Sustainable investment in Spain amounted to 285,454 million euros in 2019, up 36% on the previous year, according to ‘Spainsif 2020 Study: Sustainable and Responsible Investment in Spain’. The study was prepared with the answers to a questionnaire provided by 76% of Spanish investment companies and 43% of international ones operating in Spain. 72.8% of the total figure – €207,571 million- is managed by Spanish companies, up 9% on the previous year.