The Treasury studies a tax for Amazon, Uber or Airbnb of 3%

The Treasury studies a tax for Amazon, Uber or Airbnb of 3%

The new tribute to the great technology will go to those who bill more than 750 million euros worldwide or 3 million in Spain

  The Minister of Finance wants that companies that are part of the so-called collaborative economy pay more taxes. In his appearance in the Senate Committee, he assured that he is studying an "adequate" tax treatment for these companies that, on occasion, "enter into unfair competition with traditional sectors."

Specifically, the minister has detailed that the new tax on large technology, known as 'Google rate', will entail a 3% tax on a certain type of activity, in line with the European proposal, and will be directed to tax the sale of data of the citizens, the publicity that is incorporated in this type of platforms and the transactions between the commerce and the individuals.

  The new tax will be allocated to companies with a global turnover of more than 750 million euros worldwide or 3 million in Spain, which will affect shopping business, hospitality or "some" transport platforms. Among these companies would be large technology companies such as Amazon, Airbnb or Uber.

The Sicav, under the control of the Tax Agency
However, this new tax will not be included in the 2019 Budgets, but since it is newly elaborated, it will have to be approved through a bill, whose processing will start "before or at the same time" as the draft Budgets. "There are platforms dedicated to this service that generate billions and do not pay adequately, because current taxation does not recognize this type of activity and enter into unfair competition with traditional sectors," said Montero.

Another point that has raised more controversy is the Sicav. Montero has advanced before his appearance in the Senate that seeks to return supervision to these investment companies of variable capital to the Tax Agency instead of being under the National Securities Market Commission (CNMV) to avoid being "opaque to the treasury". "We are seeing the possibility that they return to the Tax Agency and put more controls, greater regulatory mechanisms, in order to effectively allocate their work to that for which they have been designed and not used to hide income or to have any activity that is opaque to the treasury », explained the head of the Treasury in statements to Antena 3.

In addition, it has once again confirmed its commitment to an increase in the minimum cash rate of 15% in Corporate Tax for large companies so that they do not end up applying so many bonuses and exemptions that "large corporations of more than 8 million euros billing is taxed at a lower rate than the small ones ", as indicated by the latest collection data from the Tax Agency. He even affirmed that in 2017 "half" was collected in Corporate Tax in 2007, despite the fact that the volume of business is "equal to or greater" than that of that year.

4% VAT for feminine hygiene
And with regard to taxation, he has argued that they must pay more "those who have more" and stressed the need for a "redefinition of taxation" so that rents of more than 140,000 euros per year (about 10,000 net euros per month) pay more and "can revitalize public services" to reduce the "enormous social inequalities."

On the other hand, Montero has advocated a taxation "that helps achieve gender equality." Thus, it has announced that feminine hygiene products such as compresses and tampons will be taxed with a super-reduced VAT of 4% - now 10% VAT is paid because they are "essential". "Its consumption is made only by gender and we want to end this discrimination against women against men," he explained.