Tobin and Google taxes

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Tobin’ And ‘Google’ Taxes To Be Launched In Spain In January 2021

The Spanish Senate has definitively approved the Tobin tax and the ‘Google’ tax. The first is a tax on financial transactions, involving a 0.2% charge on the purchase and sale of shares of Spanish companies with a capitalisation of over 1 billion euros. This will affect 32 of the 35 securities in the Ibex 35 index. The second is a tax on digital services, to the tune of 3%. This will be imposed on multinationals with annual revenues of at least 750 million euros worldwide and 3 million euros in Spain.