41–50 of 219 posts
Earlier quoted context omitted.
The tax is a countermeasure for the loopholes tech companies use to avoid paying tax here.
I suggest fixing the loopholes.
Either by intentional design or by lack of resources, both EU and US govs have a hard time winning this game of whack-a-mole when these megacorps have armies of top lawyers and consultants who's sole focus is finding legal ways to avoid paying taxes.
Invisible hand fo the market is steering the wheel, nothing we can do
Hopefully US and EU relations will improve in the coming years. Performing these type of actions between such close allies is just mind boggling.
In most of these nations, the measures have strong support. You can't expect a Canadian farmer or French wine maker to put the concerns of Americans above their own economic interests. I highly doubt homegrown EU-tech companies were at all bothered by recent measures against US tech giants.
If this is similar to the old tariffs, it affects only new aircraft. Some airlines were already buying Airbus planes from Europe and flying them in South America long enough for the planes to be considered "old" so that they may be excluded from the tariffs.
You have to admire the out-of-the-box and absurdity of that solution. Someone actually sat in an office and realized he could save money by letting aircrafts decay in South America before using them.
In Canada, it was cheaper for pizza companies to buy cheese with pepperoni from the US than buy cheese here.
https://www.betterfarming.com/online-news/feds-close-pizza-c...
Earlier quoted context omitted.
It's all due to digital taxing companies like Apple, Google, Amazon. France put in a 3% tax on digital services, some other countries did it as well. The EU as a whole plans to do a 3% tax on all digital services in 2021. The US is angry about it, since all the major tech companies happen to be american.
>The US is angry about it, since all the major tech companies happen to be american. And chineese. This new Whatsapp thingy would have been another disaster in Europe if we were not protected by the RGPD.
I'd still get off of it and have been recommending Signal or Telegram to anyone that listens.
"Among the goods to see an impact from the widened net of additional duty are European made wines, which will attract a 25% duty, and French and German-made aircraft parts, attracting a 15% tax." As a French person, I can't help but feel like there's some sort of personal attack happening there. Wine and airplanes? Hey, I think you guys forgot to tax cheese and sarcasm while you're at it! Let's hope that a new US adm…
In fact the US have tried to prop up (and placate) their wine producers since that because the Chinese market completely dried up for them. So I see these tariffs on European wine as killing two birds with one stone for the US government but not necessarily hitting European producers that hard (as said, at this point Chinese will buy as much wine as Europeans are able to sell them...)
[1] https://time.com/5704663/trump-tariffs-whiskey-wine-cheese-e...
[2] https://www.decanter.com/wine-news/us-eu-wine-tariffs-100-pe...