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The Panama Papers revealed Siemens dodging taxes, that's why I chose that example. http://www.dw.com/en/paradise-papers-expose-tax-schemes-of-global-elite/a-412

The Panama Papers revealed Siemens dodging taxes, that's why I chose that example. http://www.dw.com/en/paradise-papers-expose-tax-schemes-of-global-elite/a-41246087 http://www.dw.com/en/paradise-papers-expose-tax-schemes-of-g... If the EU wants to pay for social infrastructure, they need to tax money made within their borders and encourage the development of their own economy. I support Google, Facebook, Apple, and other companies paying taxes on the business they do in your borders, and harmonization of tax rates and laws across the Atlantic, but not some kind of unilateral "Marshall Plan" of taxation without representation. This kind of tax scheme is just going to lead to retaliation, just like tariff trade wars. Do you really think the US Congress and Administration will sit idly by and let the EU slap, in effect, a global 3% tariff on US corporations and not retaliate? I fear a real storm on the horizon with all of this growing nationalism. You've got right wing movements cropping up in the EU, you've got nationalism in the US, EU, and China growing. I don't think trying to claim extra-territorial extra-jurisdictional revenues is a legitimate tactic. And I'm pretty sure you've lose your mind if the CCCP imposed a 3% global tax on your local companies for money they made that was unrelated to exports to China.

toomuchtodo 9y ago
> I don't think trying to claim extra-territorial extra-jurisdictional revenues is a legitimate tactic. Taxing revenues derived from users in your own country is not extra-territorial taxation. > I fear a real storm on the horizon with all of this growing nationalism. You've got right wing movements cropping up in the EU, you've got nationalism in the US, EU, and China growing. As a nationalist in the US (which does not make me right wing, merely empathetic to my fellow citizens first), I fully support the EUs efforts to enforce taxation on foreign tech companies who have been taking extraordinary efforts to evade taxation.
- cromwellian 9y ago
  > Taxing revenues derived from users in your own country is not extra-territorial taxation. They are taxing on revenues that Google/Facebook/Twitter make on US citizens, advertising to US users, from US sales offices. That's extraterritorial taxation. If they merely taxed % of global revenues made on EU citizens, I wouldn't object. Let's say you estimate a company makes $10 per yearly active user per year, so if you have 300 million active EU citizens, and you made $3 billion in revenues, then apply 3% tax to that. But that's not what this proposal does. Perhaps you need to read it.
  - germanier 9y ago
    I'm not sure where you suppose we should read the proposal (as it's not made public yet) but all summaries of journalists that have seen the document itself seem to pretty clearly indicate that it's indeed targeted at revenue generated from EU users only. Some even cite passages on how to determine location. If you have other information please share them.

toomuchtodo 9y ago

> I don't think trying to claim extra-territorial extra-jurisdictional revenues is a legitimate tactic. Taxing revenues derived from users in your own country is not extra-territorial taxation. > I fear a real storm on the horizon with all of this growing nationalism. You've got right wing movements cropping up in the EU, you've got nationalism in the US, EU, and China growing. As a nationalist in the US (which does not make me right wing, merely empathetic to my fellow citizens first), I fully support the EUs efforts to enforce taxation on foreign tech companies who have been taking extraordinary efforts to evade taxation.

cromwellian 9y ago
> Taxing revenues derived from users in your own country is not extra-territorial taxation. They are taxing on revenues that Google/Facebook/Twitter make on US citizens, advertising to US users, from US sales offices. That's extraterritorial taxation. If they merely taxed % of global revenues made on EU citizens, I wouldn't object. Let's say you estimate a company makes $10 per yearly active user per year, so if you have 300 million active EU citizens, and you made $3 billion in revenues, then apply 3% tax to that. But that's not what this proposal does. Perhaps you need to read it.
- germanier 9y ago
  I'm not sure where you suppose we should read the proposal (as it's not made public yet) but all summaries of journalists that have seen the document itself seem to pretty clearly indicate that it's indeed targeted at revenue generated from EU users only. Some even cite passages on how to determine location. If you have other information please share them.