Economy Santander, Inditex, AENA and Red Eléctrica, among the 56...

Santander, Inditex, AENA and Red Eléctrica, among the 56 Spanish listed companies to which the ‘Tobin rate’ will be applied


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These firms had a market capitalization value of more than 1,000 million euros

The Tax Agency has encrypted in 56 the number of listed Spanish companies whose shares, as of December 16, 2020, had a market capitalization value of more than 1,000 million euros and whose purchase of titles will be applied the new tax on financial transactions, known as ‘tasa Tobin’.

This is clear from the list of Spanish companies whose shares had a value of Market capitalization of more than 1,000 million euros as of December 16, published by the Tax Agency, since until the entry into force of the ‘Tobin tax’ law, it was established that companies whose capitalization presented a value of market higher than that figure.

As of that date, a total of 56 Spanish companies had shares with a market capitalization value of more than 1,000 million euros, being the leader Inditex (82,778 million), Iberdrola (71.501 million) and Santander Bank (46,455 million), together with BBVA (27,044 million), Amadeus (26,579 million), Cellnex (24,578 million) and Endesa (23,832 million).

They are followed by Aena, Siemens Gamesa, Naturgy, Telefónica, Ferrovial, the Spanish subsidiary of EDP Renovaveis, Grifols, CaixaBank, Repsol, Red Elà © ctrica, IAG, ACS, Acciona, Enagás, Mapfre, Bankia, Colonial, Bankinter , Fluidra, Merlin Properties, FCC, Grupo Catalana Occidente, Ebro Foods, Viscofan, Zardoya Otis, Vidrala, Solaria EnergÃa y Medio Ambiente, CIE Automotive or Acerinox.

The ‘Tobin’ rate will also be levied on the purchase of shares in Corporación Financiera Alba, Laboratorios Farmacà © uticos Rovi, Logista, Gestamp Automoción, Banco Sabadell, Almirall, Euskaltel, NH Hotel Group, PharmaMar, Prosegur, Mediaset, Amrest Holdings , Prosegur Cash, CAF, Meliá Hotels International, Sacyr, Applus Services, Indra, Unicaja and Faes Farma.

The settlement of the new tax on financial transactions, which enters into force on January 18, will begin on February 22 and will take place on a monthly basis around the 20th of each month, according to the 2021 taxpayer calendar published by the Tax Agency and collected by Europa Press.

In this way, on February 22, the tax corresponding to January will be settled and so on every month of the year until the end of the year, since its settlement will be monthly.

The Government plans to collect with the ‘Tobin tax’ 850 million euros per year, at tax with 0.2% the purchase of shares issued in Spain by listed companies with a market capitalization of more than 1,000 million euros. The purchase of shares of SMEs and unlisted companies will not be taxed.

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