Companies in Spain Paid Tax at 11.6% of Profit, El Pais Reports

Sept. 24 (Bloomberg) -- Companies in Spain paid tax at a rate of 11.6 percent of profit last year because of fiscal accounting adjustments, El Pais reported, citing data from the country’s tax agency.

Big companies pay tax at 30 percent of profit while small and medium-sized firms pay 25 percent, the newspaper said.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net