At the end of the year, the Tax Agency publishes a list with the main defaulters who owe money to the public coffers. And, in addition to some usual suspects, the Twitter company. What does it mean to be on this list? What implications does it have for the future? We bring you the answers to these and other questions about the entry of Twitter in the top of those who owe the most to the Treasury.
The Spanish Tax Agency has, by law, a curious obligation.
Before December 31 of each year, you must publish a list of all those persons, physical or legal (that is, companies, associations, etc.) that owe more than 600.000 euros in taxes They should have paid but didn't.
Said list, which includes those who are in this situation as of August 31 of each year, contains nothing less than 7.300 records. This shows that we are all in the Treasury, but, obviously, some of us are more so than others.
Y on its page 132, nothing more and nothing less than Twitter appears, the social network for good vibes and yes, obviously, I'm being sarcastic.
It is his first time and we will tell you everything, let it not be said that I do not pay off the Economics degree.
How much money does Twitter owe to the Treasury?
Well, specifically, 800.795 Euros "You're welcome" that has been evading the Spanish Tax Agency.
Meanwhile, you and I have to lift the weight of what she and thousands of others fail to pay.
What does that Twitter tax debt mean for your future?
The truth is that surely nothing serious for them.
Although these levels of debt already imply prison in addition to fines, if it is a question of large companies, the structure they have set up protects their managers. Return agreements are also reached in terms and conditions that are more advantageous than for you and me.
For that money, Twitter is not going to close and open under another name, as other companies do, nor do we believe that the sanction will mean much.
How much does Twitter earn in Spain and in the world?
For Twitter did not have a good year in 2020, since the streak of positive results was broken. The pandemic touched them and lost about 935 million euros worldwide.
However, it is true that his income increased, but it was not enough to put his numbers in the green. Twitter wins from advertising and, due to the coronavirus, there was a global standstill in online marketing during the first half of 2020.
To give you an idea, in 2019, Twitter had global benefits of just over 1.200 million euros and, in Spain, he won 256.422 euros.
I also anticipate that these results are usually insignificant.
Both Twitter, like most large companies, have networks through which they derive benefits from some subsidiaries to others in different countries, to land most of these benefits in the nations where they pay less taxes.
What has Twitter said regarding this debt with the Tax Agency?
You may have already imagined it, but while the social network has been crying about its results and trying to awaken the understanding of no one, Twitter has not made any statement in this regard. from that list of defaulters.
We also don't think he's going to, and in fact, we don't even think he cares very much or that Dorsey left because of it. His army of lawyers will try to agree on anything to close as soon as possible.
We'll see if Twitter continues to appear on the list of defaulters next year or pay what it really owes.