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Country by Country Report 2017

Totals by Group accrued effective rate tranche
(worldwide data) - Amounts in millions of euros

Cash type tranches

accrued

Number of
companies		Number of
Business		BenefitTax
accrued		Cash type
s/profit
Less than 5% 32 229,597 28,884 421 1.5
From 5% to 10% 13 48,062 5,917 397 6.7
From 10% to 15% 16 93,811 6,637 838 12.6
From 15% to 20% 16 52,026 8,314 1,486 17.9
From 20% to 25% 15 80,877 7,133 1,632 22.9
More than 25% 20 302,068 31,512 10,012 31.8
112 806,441 88,398 14,786 16.7

Distribution by type ranges of each variable

Cash type tranches

accrued

Number of
companies		Number of
Business		BenefitTax
accrued
Less than 5% 28.6% 28.5% 32.7% 2.8%
From 5% to 10% 11.6% 6.0% 6.7% 2.7%
From 10% to 15% 14.3% 11.6% 7.5% 5.7%
From 15% to 20% 14.3% 6.5% 9.4% 10.1%
From 20% to 25% 13.4% 10.0% 8.1% 11.0%
More than 25% 17.9% 37.5% 35.6% 67.7%

The main data of the new model are summarized in the table above: in 2017, 112 MNCs with a Spanish parent company submitted the country-by-country report, with information by jurisdiction for a total of 14,996 subsidiaries (5,057 with tax domicile in Spain, 9,939 abroad), a global turnover of 806,441 million euros, global net profits of 88,398 million and a Corporate Tax accrued worldwide (net share declared for the year) of 14,786 million . The breakdown of the variables (and their relative participation) by global effective rate bands is also included.

 Considering the limitation of having net rather than gross results, the global effective rate of these MNCs in 2017 was % . However, the distribution of the tax burden among the group is not homogeneous : 40.2% of MNCs (45) accumulate 39.4% of net profit but only contribute 5.5% of the global tax accrued (their average effective rate is 3.1%), while another 31.3% of companies (35) concentrate 78.7% of the global tax (with an average global effective rate of 30.1%).

Regarding the decrease recorded in the number of Spanish parent companies included in the 2017 CBC report compared to the previous edition (from 134 in 2016 to 112, 22 less), this is due to the performance of statistical refinements to resolve errors in the presentation of companies, refinements consisting of excluding both entities subrogated by other declarants of form 231 (to eliminate duplications when consolidating with CbC data from other countries, considering that the parent company will have already presented another CbC in its own jurisdiction), as well as groups with a jurisdiction of origin of the report other than Spain that do not come from mergers or absorptions with other Spanish entities pre-existing in the previous year.

Totals by Group Effective Paid Rate Tranche
(worldwide data) - Amounts in millions of euros

Cash type tranches

paid

Number of
companies		Number of
Business		BenefitTax
paid		Cash type
s/profit
Less than 5% 22 149,044 23,522 313 1.3
From 5% to 10% 16 48,228 6,093 489 8.0
From 10% to 15% 19 187,767 14,794 1,845 12.5
From 15% to 20% 11 35,565 2,561 423 16.5
From 20% to 25% 21 174,119 12,478 2,761 22.1
More than 25% 23 211,718 28,949 9,186 31.7
112 806,441 88,398 15,017 17.0

Distribution by type ranges of each variable

Cash type tranches

paid

Number of
companies		Number of
Business		BenefitTax
paid
Less than 5% 19.6% 18.5% 26.6% 2.1%
From 5% to 10% 14.3% 6.0% 6.9% 3.3%
From 10% to 15% 17.0% 23.3% 16.7% 12.3%
From 15% to 20% 9.8% 4.4% 2.9% 2.8%
From 20% to 25% 18.8% 21.6% 14.1% 18.4%
More than 25% 20.5% 26.3% 32.7% 61.2%

The table above contains the same information, but with tax paid in the year using the cash basis. Since the amount declared to have been paid in 2017 is 1.5% higher than the amount accrued, the worldwide effective rate of the tax paid is also 1.5% higher ( 17.0% ).