taxes on share transactions and gains of global Internet companies to support Spain's social security. Quite comfortable, Madrid is not in it.

tax law new territory: Google has to pay in future taxes, photo: Arnd Wiegmann/reuters

MADRID taz | Spain's left-wing government under Prime Minister Pedro Sánchez control enters the legal territory. At the Cabinet meeting on Tuesday, the coalition of the socialist PSOE and the left alternative Unidas Podemos decided to purchases a Tobin tax on stock and sales, as well as a Google tax, with the global active Internet groups for the Fund are to be asked to introduce.

Both levies together are expected to contribute according to government estimates, up to two billion euros a year. So Madrid want to support the heavily damaged social security. The charges should "adjust the tax system to the new economic reality," said Finance Minister María Jesús Montero. You can be the first step towards "a tax system for the 21st century. Century“.

The Tobin tax, which should be as swift as possible, is 0.2 percent on the purchase and sale of shares of Spanish companies with a share capital of more than a billion euros. This relates to 34 of the 35 companies that are included in the Spanish stock exchange index IBEX. The Name refers to James Tobin, an American economist and Nobel laureate, had suggested in the 1970s, all international financial transactions with a tax. In 2011, the European Parliament recommended that the EU member States, such a transaction tax. Although several States have promised, it was never implemented really.

At the Google tax or GAFA-tax – named after the large Internet companies Google, Amazon, Facebook and Apple – doesn't it look better. The organization for economic cooperation and development, the OECD warns that its member States for over a year to finally find a tax solution for the global Internet giants that provide virtually no charges on the spot.

As the first government of the French dared to come to close in November, the execution. She demanded a 3-percent tax from Internet companies, which are active in France and worldwide, more than 750 million euros to implement. Only shortly afterwards, U.S. President Donald Trump threatened with tariffs of up to 100 percent on French products. Paris was the GAFA-submission only once.

The Madrid government Sánchez holds it in a similar way. The agreed 3 per cent levy on companies with a turnover of 750 million Euro worldwide and 3 million in Spain, is due in December. The government hopes that the OECD countries find a common scheme. "We work at international and European level, but without sacrificing national progress," said Minister of economic Affairs, Nadia Maria Calviño on Monday in Brussels.