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> How do you tariff Adsense from google Well, it's already subject to VAT, so I guess in much the same way as that?
by esperent 2y ago
> How do you tariff Adsense from google
Well, it's already subject to VAT, so I guess in much the same way as that?
- FirmwareBurner 2y agoVAT means taxes the EU consumers prices, not on Google's profits.
- cjrp 2y agoTrue, but it's collected by Google and passed to the relevant government. So it would be similar (they just wouldn't add it to the price, as VAT is).
- esperent 2y ago> it's collected by Google Not the case in at least some EU countries. Businesses are responsible for calculating the VAT and paying it themselves.
- esperent 2y agoFrom a quick search I cannot find any examples of tariffs applied as a tax on a specific company's profits. They are commonly applied as a surcharge (charge on top of the business or consumer price of a good) on specific goods, which is exactly how VAT works across the EU. Tariffs can be applied in other ways too, such as a surtax (tax on top of another tax). But I don't think tax on profits is common, as that would give the foreign company too much leeway to fudge the numbers.
- zonkerdonker 2y agoI guess it just seems a bit pointless to attempt to tariff what is essentialy a monopoly. Google could pretty easily just pass on 100% of the costs of the tarrifs onto the consumer. Don't get me wrong, I'd love it if more American big corpos paid more taxes, I was just curious what this plan would even look like when/if it's enacted
- AlecSchueler 2y agoPassing the cost onto the consumer is what makes the business look less appealing compared to local alternatives, helping to break the monopoly.