Economics
Spain Plans Tax on Jumbo Tech Companies Despite U.S. Warning
- OECD is working on a global agreement to tax digital revenue
- The U.S. has threatened to impose tariffs over tech taxes
Photographer: Chris Ratcliffe/Bloomberg
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Spain will introduce a digital services tax at the end of the year that would hit the revenue of companies such as Facebook Inc. and Alphabet Inc.’s Google in a move likely to draw the ire of the U.S. administration.