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France passes tax on tech giants despite US threats

Tsuyu

Tsuyu

Member
Oct 25, 2017
4,578
"The 3% tax will be levied on sales generated in France by multinational firms like Google and Facebook.
The French government has argued that such firms headquartered outside the country pay little or no tax.
The US administration has ordered an inquiry into the move - which could result in retaliatory tariffs."

"France has long argued that taxes should be based on digital, not just physical presence. It announced its own tax on big technology firms last year after EU-wide efforts stalled."

 
FloatingDivider

FloatingDivider

Member
Oct 27, 2017
730
Yep, tax the shit out of these behemoths sucking up everything everywhere. Too bad they'll figure out how to either overturn this decision or get tax rebates for 4% or whatever because that's how these fuckers operate.
 
Patitoloco

Patitoloco

Member
Oct 27, 2017
23,601
Interesting, Spain was hoping to pass a similar law, but the EU (well, Ireland, Denmark, Finland and some other only) throwed it to the ground, I thought.
 
Netherscourge

Netherscourge

Member
Oct 25, 2017
18,899
On one hand it's good to get some money back from these companies making money off your citizens.

On the other hand, it'll either directly or indirectly promote the kind of toll booths that Net Neutrality advocates are against.
 
AzorAhai

AzorAhai

Member
Oct 29, 2017
6,592
A good start. We should also acknowledge the good decisions of our government whenever that happens.
 
Catsygreen

Catsygreen

Member
Nov 1, 2017
1,362
TinyDismalDungbeetle-max-1mb.gif


It seems to me that France will be isolated in this operation. Now, it's a good thing to counter the "Gafa" companies. In addition, it should also be added that this law is temporary.
 
joecanada

joecanada

Member
Oct 28, 2017
3,651
Canada
Good move but the issue is not every country can do this 3% X every country= ?
Still every country should get like .5% or a share of traffic whatever
 
bane833

bane833

Banned
Nov 3, 2017
4,530
Patitoloco said:
Interesting, Spain was hoping to pass a similar law, but the EU (well, Ireland, Denmark, Finland and some other only) throwed it to the ground, I thought.
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The EU should finally bring the hammer down on these little shits and end their tax haven status. There should be no tax havens whatsoever in the EU.
 
Mansa Mufasa

Mansa Mufasa

Member
Jun 17, 2019
1,349
Toronto
I work in Tech as a Director of Talent.....we have ruined a lot of the world to be completely honest.

AirBnB is a huge reason why housing in most Metro cities are out pricing residents. We seriously need more regulations, taxes and accountability in the industry.
 
krazen

krazen

Member
Oct 27, 2017
13,117
Gentrified Brooklyn
Nice to know that not only is the US more than happy to have em pay no taxes, they will also flex their soft power to make sure they pay no taxes anywhere else in the world
 
Dascu

Dascu

Member
Oct 28, 2017
1,992
Patitoloco said:
Interesting, Spain was hoping to pass a similar law, but the EU (well, Ireland, Denmark, Finland and some other only) throwed it to the ground, I thought.
Click to expand...
Click to shrink...
danmaku said:
The entire EU should get behind this, not just France.
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bane833 said:
The EU should finally bring the hammer down on these little shits and end their tax haven status. There should be no tax havens whatsoever in the EU.
Click to expand...
Click to shrink...

So, this proposal was on the table of the EU over the past few years. However, taxation matters require unanimity between all the Member States. Several of them, such as Denmark and Ireland, and others, objected in favour of finding a solution at the international/OECD level. This was partially to avoid international conflict and tariff wars with the USA, partially because of, well, their own budgetary considerations. While negotiations are still on-going at the OECD, France has now adopted this on its own. The UK has tabled something similar. I expect other EU countries to follow, but they might wait and see how it goes with the French law and possible retalliation by USA.
 
Tremorah

Tremorah

Member
Dec 3, 2018
4,946
They should tax more and every country should follow suit, it is ridiculous that so few companies are allowed to run amok this side of the globe
 
Zen

Zen

The Wise Ones
Member
Nov 1, 2017
9,657
Good. Fuck megacorps that essentially act as political forces
 
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