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US launches inquiry into French plan to tax tech giants

bbc.co.uk

11–20 of 95 posts

Re: US launches inquiry into French plan to tax tech giants

#11
post #3

Shouldn't be a long inquiry, this tax is textbook discriminatory trade barrier. If you look at EU policy as france and germany protecting their perceived interests by targeting US tech companies it starts making sense, I think a rule of thumb there is: "if it hurts google it should be law".

> by targeting US tech companies

It's targeting tech giants, not US companies. "Any digital company with revenue of more than €750m - of which at least €25m is generated in France"

Re: US launches inquiry into French plan to tax tech giants

#12
Quite funny of the US to complain about protectionism. I guess that's the paradox attached to it. When you do it it's fine, when someone else does it and you're affected, suddenly it's "discriminatory". Well yeah it's always been discriminatory in nature.

They make a profit somewhere, they pay their taxes, period. Those loopholes need to be closed.

Re: US launches inquiry into French plan to tax tech giants

#13
post #11
post #3

Shouldn't be a long inquiry, this tax is textbook discriminatory trade barrier. If you look at EU policy as france and germany protecting their perceived interests by targeting US tech companies it starts making sense, I think a rule of thumb there is: "if it hurts google it should be law".

> by targeting US tech companies It's targeting tech giants, not US companies. "Any digital company with revenue of more than €750m - of which at least €25m is generated in France"

That's adorable.

Re: US launches inquiry into French plan to tax tech giants

#14

The US can continue to bully everyone around them, but one day there will be no friends left and while the US is starting a trade war (or even an actual war) with friends and enemies other nations will strengthen their relations and the power balance will shift eventually. China has been on track to overtake the US as the largest economy for many years now. The US obviously feels threatened by the shift of economic p…

You posts paints a false dichotomy between US and China.

The "West" never existed. There are hundreds of languages, cultures and paths in history.

Your criticism of "poverty, exploited, plagued by suicide, mental health issues, obesity and mass shootings" is grounded in reality but you framed it in a completely one-sided way.

Re: US launches inquiry into French plan to tax tech giants

#15
post #3

Shouldn't be a long inquiry, this tax is textbook discriminatory trade barrier. If you look at EU policy as france and germany protecting their perceived interests by targeting US tech companies it starts making sense, I think a rule of thumb there is: "if it hurts google it should be law".

> by targeting US tech companies

It does not. In a preliminary evaluation, there are 26 companies that would match the criterias, 11 are not americans, 4 of them (that's 1/6th) are even french companies to begin with.

• Vente de biens: Alibaba, Amazon, Apple, Ebay, Google, Groupon, Rakuten, Schibsted, Wish, Zalando.

• Intermédiaire de services: Amadeus, Axel Springer, Booking, Expedia, Match.com, Randstad, Recruit, Sabre, Travelport Worldwide, Tripadvisor, Uber.

• Publicité en ligne: Amazon, Criteo, Ebay, Facebook, Google, Microsoft, Twitter, Verizon.

The point is to catch up with something everyone else has figured out: that the value is in the users data. Investors have caught up to it and acted on it, so did VC, so did companies, so did everyone ... Except governments. If the data is what you extract your value from, then it should be normal that it is what you are taxed on.

Re: US launches inquiry into French plan to tax tech giants

#16
US has a trade deficit with France. So potentially there is more to loose for France in case of a trade war: https://www.census.gov/foreign-trade/balance/c4279.html

And generally speaking the US has a trade deficit with Europe: https://ustr.gov/countries-regions/europe-middle-east/europe...

My understanding of the economic system between the US and the world is that other countries support the US dollar by using it for trade, and that the US in turn is able to print a lot of US dollars that can be used by american consumers to buy goods from the world.

Could other countries retaliate to US trade tariffs by dedollarizing trade?

Re: US launches inquiry into French plan to tax tech giants

#17
post #13
post #11

Earlier quoted context omitted.

> by targeting US tech companies It's targeting tech giants, not US companies. "Any digital company with revenue of more than €750m - of which at least €25m is generated in France"

That's adorable.

While the law seems clearly to be targeted at US tech giants, why do you say it's discriminatory?

> "Any digital company with revenue of more than €750m - of which at least €25m is generated in France"

That sounds pretty non-discriminatory.

Re: US launches inquiry into French plan to tax tech giants

#18
post #13
post #11

Earlier quoted context omitted.

> by targeting US tech companies It's targeting tech giants, not US companies. "Any digital company with revenue of more than €750m - of which at least €25m is generated in France"

That's adorable.

11 of the 26 companies that fit the criterias are not american to begin with.

Re: US launches inquiry into French plan to tax tech giants

#19
post #3

Shouldn't be a long inquiry, this tax is textbook discriminatory trade barrier. If you look at EU policy as france and germany protecting their perceived interests by targeting US tech companies it starts making sense, I think a rule of thumb there is: "if it hurts google it should be law".

Call it discriminatory if you want.

They have been playing the system using different tax evasion schemes. France makes a law to force them to pay their fair due.

Re: US launches inquiry into French plan to tax tech giants

#20
post #13
post #11

Earlier quoted context omitted.

> by targeting US tech companies It's targeting tech giants, not US companies. "Any digital company with revenue of more than €750m - of which at least €25m is generated in France"

That's adorable.

Just showing your patriotism does not add much value to this thread.

If you want to have a meaningful contribution, you should use facts and logical reasoning.

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