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Foreign nations are increasingly using US tech firms as piggy banks, they fine and levy arbitrary taxes from them, or just use the threat of such to demand some
by greatscott404 7y ago
Foreign nations are increasingly using US tech firms as piggy banks, they fine and levy arbitrary taxes from them, or just use the threat of such to demand some change in behavior, it's quite the racket.
- burundi_coffee 7y agoIf they try so hard to avoid taxes my government should damn well try very hard to fine them.
- greatscott404 7y agoThey follow the law, if they are targeted by special taxes then it's a violation worthy of retaliation.
- dysy2u37u 7y agoProbably not going to change anytime soon. It's a lot more palatable to Europeans to invent reasons to fine foreign companies than to face up to the fact that all the red tape they use to maintain their way of life is the reason they're a non-player compared to the Americans or the wealthier SEA region nations. It's part of why SEA is the better focus for long-term trade partnerships since they don't share the entitled laziness that makes Europeans protest over things like automated checkout counters. South America is interesting because it has a lot of the properties that make for a potentially competitive tech scene but not the wealth to keep talent so the European strategy probably suits many of the region's nations better for now.