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Interesting. I can't help but think that creating a new tax that almost exclusively hits US companies will simply add fuel to these trade war talks.
by kolbe 9y ago
Interesting. I can't help but think that creating a new tax that almost exclusively hits US companies will simply add fuel to these trade war talks.
- deleted 9y ago[deleted]
- distances 9y agoWhy do you assume it would almost exclusively affect US companies? They are the names that are usually floated around with this topic, but this doesn't sound at all like it would only affect US companies.
- kolbe 9y agoBecause, according to Reuters, who claims to have seen the draft, it's targeting companies with EU digital revenues in excess of some large amount. After you get above Spotify's digital revenue, the only companies left are American (and Spotify looks like it's exempted). https://www.reuters.com/article/us-eu-tax-digital/eu-plans-new-tax-for-tech-giants-up-to-5-percent-of-gross-revenues-idUSKCN1GA25R https://www.reuters.com/article/us-eu-tax-digital/eu-plans-n...