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        <title>Taxes - NEWS BBVA</title>
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        <link>https://www.bbva.com/en/</link>
        <description>NEWS BBVA</description>
        <lastBuildDate>Sat, 13 Dec 2025 13:31:47 +0100</lastBuildDate>
        <language>en-US</language>
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                                <item>
                    <title>BBVA's tax contribution in 2020: €8.33 billion worldwide</title>
                    <link>https://www.bbva.com/en/bbvas-tax-contribution-in-2020-e8-33-billion-worldwide/</link>
                    <pubDate>Mon, 26 Apr 2021 15:11:08 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Carmen Álvarez]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Tax system]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=830634</guid>
                                            <description>
                            <![CDATA[Just as every year since 2012, BBVA has voluntarily released its <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2021/04/Informe-Contribuci%C3%B3n-Fiscal-Global-2020_ENG.pdf" target="_blank" rel="noopener noreferrer">Global Tax Contribution report</a>. In 2020, the Group carried out an additional exercise of transparency including, for the first time ever, non-financial public information in standard <a href="https://www.globalreporting.org/media/sfcpcrt4/gri-207-tax-standard-2019-factsheet.pdf?id=1616" target="_blank" rel="noopener noreferrer">GRI 207</a>. This standard allows entities to disclose comparable information regarding their fiscal strategy, governance model and tax risk management, as well as their contribution on a per country basis. Overall, BBVA Group’s worldwide tax contribution in 2020 amounted to €8.33 billion.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Just as every year since 2012, BBVA has voluntarily released its <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2021/04/Informe-Contribuci%C3%B3n-Fiscal-Global-2020_ENG.pdf" target="_blank" rel="noopener noreferrer">Global Tax Contribution report</a>. In 2020, the Group carried out an additional exercise of transparency including, for the first time ever, non-financial public information in standard <a href="https://www.globalreporting.org/media/sfcpcrt4/gri-207-tax-standard-2019-factsheet.pdf?id=1616" target="_blank" rel="noopener noreferrer">GRI 207</a>. This standard allows entities to disclose comparable information regarding their fiscal strategy, governance model and tax risk management, as well as their contribution on a per country basis. Overall, BBVA Group’s worldwide tax contribution in 2020 amounted to €8.33 billion.]]>
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                                <item>
                    <title>BBVA stands out in the Ibex35 for its fiscal transparency</title>
                    <link>https://www.bbva.com/en/bbva-stands-out-in-the-ibex35-for-its-fiscal-transparency/</link>
                    <pubDate>Wed, 02 Dec 2020 01:45:22 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Carmen Álvarez]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Tax system]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/bbva-destaca-en-el-ibex35-por-su-transparencia-fiscal/</guid>
                                            <description>
                            <![CDATA[In recent weeks, BBVA has been recognized for its efforts in fiscal transparency at events, on rankings, and in reports from different fields: the consulting firm PwC, the Dow Jones Sustainability Index and the NGO Intermon Oxfam. These recognitions are the result of the bank’s commitment to customers, shareholders and employees, which are reflected every year in the publication of its global fiscal contribution<a href="https://accionistaseinversores.bbva.com/wp-content/uploads/2020/03/Contribucion-fiscal-global-2019_esp.pdf" target="_blank" rel="noopener noreferrer"><strong> report. </strong></a>]]>
                        </description>
                        <content:encoded>
                            <![CDATA[In recent weeks, BBVA has been recognized for its efforts in fiscal transparency at events, on rankings, and in reports from different fields: the consulting firm PwC, the Dow Jones Sustainability Index and the NGO Intermon Oxfam. These recognitions are the result of the bank’s commitment to customers, shareholders and employees, which are reflected every year in the publication of its global fiscal contribution<a href="https://accionistaseinversores.bbva.com/wp-content/uploads/2020/03/Contribucion-fiscal-global-2019_esp.pdf" target="_blank" rel="noopener noreferrer"><strong> report. </strong></a>]]>
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                    <title>BBVA, a European leader in tax transparency</title>
                    <link>https://www.bbva.com/en/bbva-a-european-leader-in-tax-transparency/</link>
                    <pubDate>Tue, 17 Dec 2019 01:20:04 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Carmen Álvarez]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Tax system]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=713635</guid>
                                            <description>
                            <![CDATA[BBVA has participated in preparing the ‘<a href="https://ebtforum.org/ttc/?WT.mc_id=CT1-PL52-DM2-TR3-LS1-ND40-TTA9-CN_TotalTaxContribution-" target="_blank" rel="noopener">Total tax contribution</a>’ report, which analyzes tax contributions made last year by major European companies. The study, conducted by the <a href="https://ebtforum.org/" target="_blank" rel="noopener">European Business Tax Forum</a> (EBTF), discloses the tax contributions made by large corporations and thus contributes to the promotion of transparency.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA has participated in preparing the ‘<a href="https://ebtforum.org/ttc/?WT.mc_id=CT1-PL52-DM2-TR3-LS1-ND40-TTA9-CN_TotalTaxContribution-" target="_blank" rel="noopener">Total tax contribution</a>’ report, which analyzes tax contributions made last year by major European companies. The study, conducted by the <a href="https://ebtforum.org/" target="_blank" rel="noopener">European Business Tax Forum</a> (EBTF), discloses the tax contributions made by large corporations and thus contributes to the promotion of transparency.]]>
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                                <item>
                    <title>BBVA, recognized for its best practices in taxes</title>
                    <link>https://www.bbva.com/en/bbva-recognized-for-its-best-practices-in-taxes/</link>
                    <pubDate>Tue, 26 Mar 2019 01:23:01 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Blanca González del Fresno]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Sustainable Development Goals]]>
                            </category>
                                                    <category>
                                <![CDATA[Tax system]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=629290</guid>
                                            <description>
                            <![CDATA[<a href="https://www.csreurope.org/" target="_blank" rel="noopener">CSR Europe</a> and <a href="https://www.pwc.es/" target="_blank" rel="noopener">PWC</a> have recognized BBVA for its transparency and best practices in tax issues. At an event in Brussels, this European corporate social responsibility network and the global consulting firm presented a report on the best corporate practices for tax matters. In a world where companies are expected to have a sustainable business in every respect, BBVA was one of the large global companies to present its best practices at the event.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[<a href="https://www.csreurope.org/" target="_blank" rel="noopener">CSR Europe</a> and <a href="https://www.pwc.es/" target="_blank" rel="noopener">PWC</a> have recognized BBVA for its transparency and best practices in tax issues. At an event in Brussels, this European corporate social responsibility network and the global consulting firm presented a report on the best corporate practices for tax matters. In a world where companies are expected to have a sustainable business in every respect, BBVA was one of the large global companies to present its best practices at the event.]]>
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                                <item>
                    <title>BBVA paid €4.5 billion to cover its own taxes in 2018, a 10 percent year-on-year increase</title>
                    <link>https://www.bbva.com/en/bbva-paid-e4-5-billion-to-cover-its-own-taxes-in-2018-a-10-percent-year-on-year-increase/</link>
                    <pubDate>Tue, 26 Mar 2019 00:40:13 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Carmen Álvarez]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Responsible banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=617072</guid>
                                            <description>
                            <![CDATA[BBVA Group paid €4.5 billion in worldwide tax on its own business activities in 2018, 10 percent more than in 2017. According to <a href="https://accionistaseinversores.bbva.com/wp-content/uploads/2019/03/TTC-2018-Espa%C3%B1ol-V26.02.2019_edi-COMPLETA.pdf" target="_blank" rel="noopener">BBVA’s Total Tax Contribution Report</a>, its total contribution (which is the total of the bank's taxes and those made on behalf of third parties) rose to €9.8 billion. Since 2011 BBVA, in accordance with its commitment to transparency with customers, shareholders, employees, and society as a whole, has voluntarily released its tax information.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA Group paid €4.5 billion in worldwide tax on its own business activities in 2018, 10 percent more than in 2017. According to <a href="https://accionistaseinversores.bbva.com/wp-content/uploads/2019/03/TTC-2018-Espa%C3%B1ol-V26.02.2019_edi-COMPLETA.pdf" target="_blank" rel="noopener">BBVA’s Total Tax Contribution Report</a>, its total contribution (which is the total of the bank's taxes and those made on behalf of third parties) rose to €9.8 billion. Since 2011 BBVA, in accordance with its commitment to transparency with customers, shareholders, employees, and society as a whole, has voluntarily released its tax information.]]>
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                                <item>
                    <title>Mortgage interest rate deductions and taxes</title>
                    <link>https://www.bbva.com/en/mortgage-interest-rate-deductions-taxes/</link>
                    <pubDate>Tue, 19 Jun 2018 15:02:38 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Christina Anderson]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Financial products]]>
                            </category>
                                                    <category>
                                <![CDATA[Mortgages]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=519462</guid>
                                            <description>
                            <![CDATA[In December 2017, President Trump signed the <a href="https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act_of_2017" target="_blank" rel="noopener">Tax Cuts and Jobs Act (TCJA)</a>, a tax overhaul that sought to cut corporate and individual income taxes and stimulate the economy. As part of the tax package, the standard deduction was increased across all tax brackets and rules for mortgage interest deductions changed.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[In December 2017, President Trump signed the <a href="https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act_of_2017" target="_blank" rel="noopener">Tax Cuts and Jobs Act (TCJA)</a>, a tax overhaul that sought to cut corporate and individual income taxes and stimulate the economy. As part of the tax package, the standard deduction was increased across all tax brackets and rules for mortgage interest deductions changed.]]>
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                                <item>
                    <title>BBVA paid close to €10 billion in taxes in 2017</title>
                    <link>https://www.bbva.com/en/bbva-paid-close-e10-billion-euros-taxes-2017/</link>
                    <pubDate>Sun, 25 Mar 2018 23:53:21 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Reyes Pariente]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=449443</guid>
                                            <description>
                            <![CDATA[In 2017, BBVA Group paid €9.9 billion in taxes, a 5 percent year-on-year increase. The amount paid in worldwide taxes for its own business activities was €4.1 billion, 9 percent more than in 2016. For the sixth consecutive year, BBVA has voluntarily disclosed its total tax contribution, consisting of the total of its own taxes and those made on behalf of third parties, thus complying with its corporate principle of transparency and a commitment to social responsibility.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[In 2017, BBVA Group paid €9.9 billion in taxes, a 5 percent year-on-year increase. The amount paid in worldwide taxes for its own business activities was €4.1 billion, 9 percent more than in 2016. For the sixth consecutive year, BBVA has voluntarily disclosed its total tax contribution, consisting of the total of its own taxes and those made on behalf of third parties, thus complying with its corporate principle of transparency and a commitment to social responsibility.]]>
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                                <item>
                    <title>Why is Jackson Hole in the news?</title>
                    <link>https://www.bbva.com/en/jackson-hole-news/</link>
                    <pubDate>Wed, 23 Aug 2017 23:10:25 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Carmen Álvarez]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Current news]]>
                            </category>
                                                    <category>
                                <![CDATA[Economic sectors]]>
                            </category>
                                                    <category>
                                <![CDATA[Economy]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial and commercial services]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial markets and monetary economics]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial system]]>
                            </category>
                                                    <category>
                                <![CDATA[Global markets]]>
                            </category>
                                                    <category>
                                <![CDATA[Inflation]]>
                            </category>
                                                    <category>
                                <![CDATA[Tax system]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=347075</guid>
                                            <description>
                            <![CDATA[Jackson Hole is a town of only 9,000 inhabitants located in a valley in the middle of the Rocky Mountains in the US State of Wyoming. Apparently, there is nothing newsworthy about it, and, so, why have we been reading and hearing its name so often in the media lately?]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Jackson Hole is a town of only 9,000 inhabitants located in a valley in the middle of the Rocky Mountains in the US State of Wyoming. Apparently, there is nothing newsworthy about it, and, so, why have we been reading and hearing its name so often in the media lately?]]>
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                                <item>
                    <title>How will the EU spend its budget?</title>
                    <link>https://www.bbva.com/en/will-eu-spend-budget/</link>
                    <pubDate>Mon, 24 Jul 2017 00:17:37 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Carmen Álvarez]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Economic analysis]]>
                            </category>
                                                    <category>
                                <![CDATA[Economy]]>
                            </category>
                                                    <category>
                                <![CDATA[Euro]]>
                            </category>
                                                    <category>
                                <![CDATA[Foreign affairs]]>
                            </category>
                                                    <category>
                                <![CDATA[Macroeconomics analysis]]>
                            </category>
                                                    <category>
                                <![CDATA[Policy]]>
                            </category>
                                                    <category>
                                <![CDATA[Tax system]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=337215</guid>
                                            <description>
                            <![CDATA[For every 100 euros European citizens earn, they pay an average of 50 euros in taxes and contributions.  Of the amount they pay in taxes, only 1 euro is devoted to financing the budget of the European Union.  Thus, in total, Europe manages a budget equivalent to 1% of the gross national income of its Member States.  However, the way this money is invested has a direct impact on the lives of Europeans.

The current climate of change inside and outside Europe has led the European Commission to reflect on the future of its public accounts.  In the document entitled  '<a href="https://ec.europa.eu/commission/publications/reflection-paper-future-eu-finances_en" target="_blank">The Future of EU finances</a>', the Commission analyzes the current configuration of the budget and its future options. This document is part of a series of reflections brought about by the <a href="https://ec.europa.eu/commission/white-paper-future-europe-reflections-and-scenarios-eu27_en" target="_blank">White Paper on the future of Europe</a>, which set forth the different challenges and scenarios the EU will be facing through 2025.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[For every 100 euros European citizens earn, they pay an average of 50 euros in taxes and contributions.  Of the amount they pay in taxes, only 1 euro is devoted to financing the budget of the European Union.  Thus, in total, Europe manages a budget equivalent to 1% of the gross national income of its Member States.  However, the way this money is invested has a direct impact on the lives of Europeans.

The current climate of change inside and outside Europe has led the European Commission to reflect on the future of its public accounts.  In the document entitled  '<a href="https://ec.europa.eu/commission/publications/reflection-paper-future-eu-finances_en" target="_blank">The Future of EU finances</a>', the Commission analyzes the current configuration of the budget and its future options. This document is part of a series of reflections brought about by the <a href="https://ec.europa.eu/commission/white-paper-future-europe-reflections-and-scenarios-eu27_en" target="_blank">White Paper on the future of Europe</a>, which set forth the different challenges and scenarios the EU will be facing through 2025.]]>
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                                <item>
                    <title>“Regtech will enable agile and quick communication between supervisors and banks”</title>
                    <link>https://www.bbva.com/en/regtech-will-enable-agile-quick-communication-supervisors-banks/</link>
                    <pubDate>Mon, 17 Jul 2017 23:20:11 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Banking]]>
                            </category>
                                                    <category>
                                <![CDATA[Central banks]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial and commercial services]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial regulations]]>
                            </category>
                                                    <category>
                                <![CDATA[Financial system]]>
                            </category>
                                                    <category>
                                <![CDATA[Management staff]]>
                            </category>
                                                    <category>
                                <![CDATA[Regulations]]>
                            </category>
                                                    <category>
                                <![CDATA[Taxes]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/en/?p=337973</guid>
                                            <description>
                            <![CDATA[Ricardo Gómez Barredo was there for the birth of BBVA (through the merger of BBV and Argentaria), a Group he has been associated with for more than two decades.Now he is in charge of functions that are so critical to a bank like liaising with supervisors, working out financial information and reporting.Professionally, he describes himself as very demanding of himself. He thinks that the best part of his professional experience has always been “the people I’ve been lucky enough to work with”.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Ricardo Gómez Barredo was there for the birth of BBVA (through the merger of BBV and Argentaria), a Group he has been associated with for more than two decades.Now he is in charge of functions that are so critical to a bank like liaising with supervisors, working out financial information and reporting.Professionally, he describes himself as very demanding of himself. He thinks that the best part of his professional experience has always been “the people I’ve been lucky enough to work with”.]]>
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