Not news, after the UK fuss, but it seems to have shocked Spain.
They follow the usual protocol of just having a local subsidary to look after advertising, merchants, etc in the country, but booking all revenue offshore.
What’s worse, is that they have a very small combined staff in Spain. Meaning that, unlike the UK, they sell a lot here and, apart from advertising, don´t leave much behind at all.
Hacienda launched, with a great fanfare, a large technology corporate investigation last year. They started with a large investigation into Google. After analysing their accounts, they finally signed off on them, deciding that yes, they were legal. This seems to dampened their ardour.
Despite having a large turnover in Spain, these companies are able to offset their profits against losses and investments. For example:
El Pais reckons that combined, these companies turned over a total of 577.8 million euros in Spain last year, but had a combined loss of 15.8 million euros.