US launches inquiry into French plan to tax tech giants
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Re: US launches inquiry into French plan to tax tech giants
#2The 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 powers and currently tries every thing they can to prevent this from happening, but it's going to happen regardless. China has a stable country, a hard working population, people feel content and the government is looking after its people despite what Western media is reporting. The Western world is increasingly becoming divided, fueled by capitalist greed, social media which is anything but "social", huge wealth disparities, racism and many other deep ingrained problems. The US might complain about other nations spying, etc., but it is the US and the NSA who has been the only nation which has been proven black on white that they have been grossly spying on everyone else in this world, it is the US which is the only nation which is constantly starting wars with other nations and destabilising economies. It's not China, nor France, nor the EU.
I can only recommend anyone in the US to go and visit other nations and explore the world and it becomes very quickly apparent that the Western world has some deep issues which other countries seem to be much better in control of. If entire freedom of everything means that people live divided, in poverty, exploited, plagued by suicide, mental health issues, obesity and mass shootings, then maybe the way the West has shaped in the last 50 years is not all that great which everyone wants us to believe.
Other countries have other issues, but honestly, after being to many many other places and far East I can only say that these problems look minor in comparison to what I observe in the West.
Re: US launches inquiry into French plan to tax tech giants
#3Shouldn'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".
Re: US launches inquiry into French plan to tax tech giants
#4To be frank, a 3% tax is too little too late.
Re: US launches inquiry into French plan to tax tech giants
#5The 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…
I don't stricly disagree (nor agree) with your comment, but there are several thing that you include as "a global grave issue of the western world" in general but is actually very US-centric. When I look at the list you give, "people live divided, in poverty, exploited, plagued by suicide, mental health issues, obesity and mass shootings", it's not that those issues don't exists in other countries, but in the western world the US has that strange habit of always exhibiting the most extreme form, and frankly to not look like it's working and making any advance at fixing them.
Re: US launches inquiry into French plan to tax tech giants
#6To be frank, a 3% tax is too little too late.
We still hope to get it turned into a global EU thing rather than each of us bickering with its own ten of a percent competition over who gets screwed up more. But several EU countries are not on board, so we're taking baby steps, mostly aiming to prove that it does work and no those tech giants will not leave the french market (or if they do, yes someone else will rise in place).
Re: US launches inquiry into French plan to tax tech giants
#7To be frank, a 3% tax is too little too late.
It's a start, once it exists the gov can change the rate. And it will perhaps lead to similar laws in Europe.
Re: US launches inquiry into French plan to tax tech giants
#8To be frank, a 3% tax is too little too late.
We still hope to get it turned into a global EU thing rather than each of us bickering with its own ten of a percent competition over who gets screwed up more. But several EU countries are not on board, so we're taking baby steps, mostly aiming to prove that it does work and no those tech giants will not leave the french market (or if they do, yes someone else will rise in place).
Agreed, I applaud France to take a first step in the right direction.
Re: US launches inquiry into French plan to tax tech giants
#9To be frank, a 3% tax is too little too late.
Well, its a start. Maybe other countries will see that its not the end of the world to tax big companies and follow suit.
Re: US launches inquiry into French plan to tax tech giants
#10The 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…
> It's not China, nor France, nor the EU
Dont disagree, but this comes part and parcel with being a global superpower. When USSR was alive, we had 2 of them.