Brussels, 8 dec (EFE).- The company Inditex said today that in the period of 2011-2015 has contributed to the coffers of the State with 2,200 million euros for corporation tax, which represents more than 2% of the total revenue for this tax in Spain.
the company is The owner of Zara and other textile companies leaders of the sector said in a press release that meets “carefully with the tax regulations of the 93 markets in which it is present”.
Inditex has spoken out after the publication today of a report by the group of the Greens/EFA in the European Parliament criticises the fact that the Spanish company has saved up to 585 million euros between 2011 and 2015 in taxes by using “techniques aggressive tax”.
The company, which claims to have a “policy of maximum fiscal responsibility in all the markets in which it operates, contributed in the past four years the corporate tax in the countries in which it is located with more than 4,400 million euros, as confirmed to Efe a responsible of communication in the group.
The company, with headquarters in Arteixo (Galicia, northwest of Spain) had a few tax rates in the past four years of between 22% and 24% as a result of levels of taxation are very distinct in the different jurisdictions in which it develops its activity.
Some examples are Spain with 25%, Uk 20%, Germany 28%, Romania 16%, Russia 20%, Ireland 12.5%, Poland 19%, China with 25%, France with 33.33%, Greece 29%, Italy 27%, Austria 25% and Turkey with the 20%, you are pointing the company in a statement.
On the statement in the report according to which Inditex would have stopped paying $ 218 million in Spain for industrial property, the company ensures that the report “is mistaken badly (…) because Spanish banks do not pay for the rights of industrial property, but they also receive benefits of exploitation”.
on the other hand, Inditex notes that the report incurs another “serious error” by stating that the subsidiary ITX Merken has acquired the said rights by 1.472 million euros, which would be a circumvention of taxes of 84 million euros, to the detriment of the coffers of spain.
“it is true, he argues, the release of Iditex – 1.472 million euros are subject in full to tax in Spain to the nominal type of corporate tax (30% and 28% in the period to which the report relates)”.
“on the contrary”, adds the note, “this transaction by itself has been reported an income tax to the Spanish Treasury of more than 360 million euros”.
In the case of another subsidiary, ITX Fashion, Inditex explains that in these moments seeks to harness the online activity of three countries, Japan, the united States and Canada.
The company notes that, in any case, the operations by the internet of every country will depend in each case of the country concerned, “in line with the company’s strategy of integrating stores and online.”
with Respect to ITX Financed, the note explains that “in the financing of the entities of the group involved various entities involved in each case based on the criteria country risk, currency and operability. All of them, among which are ITX Finance, operate carefully with market criteria”.
with regard to ITX Trading, Inditex explains that the group “acquires the merchandise to suppliers, to manufacturers and traders through specialized personnel that develops its activity in different territories and different societies, giving rise to intra-group transactions laid down under the margins of the market.”
Also, the textile company stresses that the operations between Group companies “are regularly audited by the tax authorities” of each country.
The Inditex Group reminds that it is “a group vertically integrated” that is involved in all phases of the value chain of the textile industry (design, manufacture, distribution and sale).
“to the extent that those stages of the value chain take place in various countries and each of these countries has its own legislation, the Inditex Group has over 400 companies that perform operations between them and which are valued at market prices in accordance with the tax legislation in force in each country and with the OECD Guidelines on transfer pricing”, adds the company. EFE
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