Spains telecoms regulator the CMT is against levying a tax on telcos to make up the funding shortfall created by the phasing out of advertising on public broadcaster TVE.
The Spanish government had suggested a 0.9% tax on telcoÂs earnings could help plug the gap as advertising is reduced and ultimately eliminated on TVEÂs channels. Spanish press report that the CMT rejected the idea of a telco tax and suggested various alternatives although it is not clear what these are.
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