Madrid will push ahead with a tax on large internet and technology firms as soon as a new government is sworn in, Spain’s acting economy minister said Wednesday.nchez’s bid to form a new government after his Socialist party won an early general election in April but without an absolute majority.
But before the proposed law could be approved the government was forced to call the early election after it failed to pass its draft 2019 budget in parliament.o told news radio Cadena Ser that the government’s “intention is to put [the tax] back on the table as soon as there is a government”. France’s parliament last week passed a law making it the first major economy to impose a tax on digital giants, defying a probe ordered by an angry US President Donald Trump that could trigger reprisal tariffs.
Asked about the possibility that the US will also impose sanctions on Spain if it goes ahead with the tax, Calviño said it was “very risky” to predict its reaction because of Washington’s “erratic behaviour”.
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