G20 agrees to push ahead with digital tax
reuters.com
G20 agrees to push ahead with digital tax
1–10 of 88 posts
Re: G20 agrees to push ahead with digital tax
#2I for one, am grateful. The world has changed massively the last 30 years and it’s time for international legislation to catch up :) Curious to see what the final implementation will look like.
Re: G20 agrees to push ahead with digital tax
#3I wonder how this is going to affect small businesses selling digital services to different countries within the EU while only having one office/country of incorporation.
"The first pillar is dividing up the rights to tax a company where its goods or services are sold even if it does not have a physical presence in that country."
Re: G20 agrees to push ahead with digital tax
#4I for one, am grateful. The world has changed massively the last 30 years and it’s time for international legislation to catch up :) Curious to see what the final implementation will look like.
More expensive services, because the want more money. Nothing else.
Re: G20 agrees to push ahead with digital tax
#5"The U.S. government has voiced concern in the past that the European campaign for a “digital tax” unfairly targets U.S. tech giants."
How about admitting that the U.S. tech giants unfairly use their monopolistic powers because the Internet has become a winner-takes-it-all economy.
Re: G20 agrees to push ahead with digital tax
#6"The U.S. government has voiced concern in the past that the European campaign for a “digital tax” unfairly targets U.S. tech giants." How about admitting that the U.S. tech giants unfairly use their monopolistic powers because the Internet has become a winner-takes-it-all economy.
Can you provide some examples there support this claim of a "winner-takes-it-all economy"?
Re: G20 agrees to push ahead with digital tax
#7The best traditional HN bad car analogy I can provide is Illinois State DOR is angry the new car factories are relocated in the rural south where the property taxes are low and what tax they do pay goes to the locals and not Illinois DOR, and they're selling those "foreign" cars in Illinois, so Illinois is going to add a special registration tax for cars registered but not manufactured in Illinois.
This is kinda a bad example because Illinois still has a handful of plants left, although they're doing everything they can to push them out of the state as fast as possible, I selected them more as an example of a very high tax state than as a non-mfgr state.
Re: G20 agrees to push ahead with digital tax
#8I wonder how this is going to affect small businesses selling digital services to different countries within the EU while only having one office/country of incorporation. "The first pillar is dividing up the rights to tax a company where its goods or services are sold even if it does not have a physical presence in that country."
> to different countries within the EU while only having one office/country of incorporation
I think this system already applies to paying VAT for digital purchases in the EU.
Re: G20 agrees to push ahead with digital tax
#9I wonder how this is going to affect small businesses selling digital services to different countries within the EU while only having one office/country of incorporation. "The first pillar is dividing up the rights to tax a company where its goods or services are sold even if it does not have a physical presence in that country."
I guess the same way as VAT: below a threshold (35k or 100k EUR of distance sales/year, set by the destination country), the seller's country VAT applies.
https://ec.europa.eu/taxation_customs/individuals/buying-goo...
Re: G20 agrees to push ahead with digital tax
#10"The U.S. government has voiced concern in the past that the European campaign for a “digital tax” unfairly targets U.S. tech giants." How about admitting that the U.S. tech giants unfairly use their monopolistic powers because the Internet has become a winner-takes-it-all economy.
Can you provide some examples there support this claim of a "winner-takes-it-all economy"?
Facebook, Apple, Amazon, Netflix and Google should suffice.