Spain says it seeks a fair tech tax, after US tariff move
The Peninsula
Madrid: Spain is negotiating with the United States and other countries to find a fairer system for taxing tech companies' profits at a global level, Economy Minister Nadia Calvino said on Thursday.
Calvino spoke a day after Washington slapped a 25% tariff on over $2 billion worth of imports from Spain and five other countries over their digital services taxes. It then immediately suspended the duties to allow time for international tax negotiations, which also include a U.S. proposal for a global minimum corporate tax, to continue.
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