The financial transactions tax (Tobin tax) is intended to levy 0.2% tax on certain types of transactions for acquiring the shares of listed Spanish companies. The digital services tax (Google tax) will involve a 3% levy on advertising and online intermediation revenues and on sales of data obtained from information supplied by users at companies with net revenues above a given threshold.
The Court of Justice of the European Union (CJEU) rules that making the deduction in respect of dividends as a priority over other deductions that have a time limit is contrary to the subsidiary-parent directive.
Following the implementation in 2016 of the VAT action plan within the European Union, the European Council proposed the European Commission to approve some measures to improve and combat VAT fraud, in particular with regard to intra-Community supplies of goods.