Diaz will demand a 'Trump tax' from the PSOE on large US technology companies.

BarcelonaThe second vice president of the Spanish government and Minister of Labor, Yolanda Díaz, has announced that her party, Sumar, will demand that the PSOE create a new tax, which she has called Trump rateRegarding US multinational technology companies, to ensure they pay taxes in Spain. With this tax, Díaz believes the State could guarantee more "fair" competition between large US technology companies and Spanish businesses.

"It can't be that five big tech "They don't pay taxes in our country, they don't pay in Europe, and they don't pay anywhere in the world," Díaz said, referring to Alphabet (Google's parent company), Apple, Amazon, Microsoft, and Meta (parent company of Facebook, WhatsApp, and Instagram). "What we will ask of them is that they come down from this cloud and pay their taxes," she added. The vice president reminded everyone that the self-employed pay an average of between 15% and 18% of their earnings in taxes, and that the largest companies pay 7%, while US multinationals in the technology sector avoid paying anything to the state, a situation she described as a "mockery."

Díaz explained that she will demand that the PSOE, with whom Sumar forms the coalition government, include the creation of this new tax in the national budget. But beyond that, the minister did not provide any further details on how this tax should be structured. Trump rateHowever, the minister has said that several Spanish business leaders have asked the government to improve legislation for the technology sector because large US companies are driving local businesses out of the market. In this regard, she also criticized the US government for being "at the service of five major tech companies," leaving the European Union sandwiched between Washington and Beijing, between US and Chinese tech giants, which also have public capital and support. "We need to reduce our technological dependence on these two giants, but especially on the US," she said. Ecological Impact

The leader of Sumar also pointed out that these large companies are waging a technological "battle" in the field of data centers, a key element in the development of artificial intelligence (AI). These data centers could lead to "ecological collapse," Díaz stated, due to their enormous electricity consumption. "The Spanish public has the right to know what is really happening. There is brutal energy poverty in Spain; many people cannot pay their electricity bills, and yet the energy and water consumption of these data centers is absolutely unbearable," she concluded.