3 ms·
Empty threat conditional on something that will never happen. Most of the rest of the world is too heavily dependent on US digital services to tax them more he
by graemep 4mo ago
Empty threat conditional on something that will never happen.
Most of the rest of the world is too heavily dependent on US digital services to tax them more heavily. From social media to hyperscaler's clouds the US is dominant and stuff will just stop working if they get taxed. There would be a huge pushback from businesses if their government increased the cost of things like AWS.
Edit: edit to say tax more heavily
- masfuerte 4mo agoEh? We already tax them. The UK is not alone in having a digital services tax.
- graemep 4mo agoSorry, meant tax more heavily. Uk's tax is 2% and limited to advertising and marketplace fees.
- swarnie 4mo agoI'm happy to vote for anyone who can put an extra 0 on that, it would be nice for these companies to pay more tax than me one of these years....
- dlahoda 4mo agoThey already pay. How 10usd subscriptions become 10eur or 10£? Companies pay lawyers and beurocrats and accountants to operate.
- swarnie 4mo agoI'm not claiming they dont pay everything they legally have to, I'm saying the laws are wrong. Nick 30 ans is tired and wants someone else to pick up the slack for once.
- dlahoda 4mo agoYou forgot to write ZERO after TWO. 20% VAT to begin with payed with heavily taxed money of mine. Than on top of payed by provider of services to UK gov machine making 10usd sub be 10£ sub.
- 9dev 4mo ago…and the US is depending on other markets - mostly the EU and China - to keep growing their economy, because the domestic market is pretty saturated with tech already. This has ripple effects too, because 401k pensions depend on big tech to keep growing, so no administration can risk loosing big parts of the European market.
- simmerup 4mo agoWe're only dependent on American services because we trusted America Trump has ruined that, so now we'll be moving to build our own alternatives
- dlahoda 4mo agoWhat exactly American services did to you that stopped to trust them?
- simmerup 4mo agoStuff like: https://apnews.com/article/icc-trump-sanctions-karim-khan-court-a4b4c02751ab84c09718b1b95cbd5db3 https://apnews.com/article/icc-trump-sanctions-karim-khan-co... Trump is using sanctions and started a trade war with Europe. Europe would be mad to entrust their digital ecosystem to such a country
- 9dev 4mo agoNothing. It doesn't matter though. If we can't trust the US administration won't just apply 50% taxes tomorrow because some EU representative said something mean to the president, then we can't rely on goods or services exported by the USA anymore. It's just chaotic. Chaos isn't good for business. What if Microsoft were instructed, on short notice, to block EU customers from using Entra over a trade dispute? If the identity provider of millions of European customers is suddenly unavailable, work grinds to halt. That's unacceptable. Now you might say that sounds unrealistic - but would you have expected the American president to threaten an invasion of Danish territory? Or freaking Canada? And even if the next administration turns out to be more "normal", we won't forget that American voters don't care about anyone but themselves - they wanted this. Twice. There is virtually no guarantee the same thing won't happen again in the future, and we all have seen how quickly fruitful business relations turned to shit over a pathetic narcissistic a-hole at the helm throwing temper tantrums. Trusting the USA has proven to be a bad strategy, even for its closest allies. That won't change all too soon.
- unanonymousanon 4mo ago
- dboreham 4mo agoThey're thinking about taxing more heavily because some bright spark decided to tarrif their exports extremely heavily.
- dlahoda 4mo agocodex sub 200usd. in eu it magically becomes 200eur(hello beuracrates) plus vat. You already taxing 30%. That on top that I pay via mine already heavily taxes money. Mistral experience was as miserable as running local models btw.