France approves digital tax on American tech giants, defying US trade threat

Recent Comments

  • chilliflake44
    1 Week(s) Ago

    Le Maire said the tax would target some 30 companies, mostly American but also Chinese, German, Spanish and British, as well as one French firm

    https://www.cnbc.com/2019/07/11/us-to-probe-proposed-french-tech-tax.html

  • FullAutoChiggaGroup
    1 Week(s) Ago

    Wow this thread is full of expert economists.

  • TheNaughtyMonkey
    1 Week(s) Ago

    "France is sovereign, and France decides its own tax rules. And this will continue to be the case," France's Finance Minister Bruno Le Maire said in a statement.

    Can't argue with that. Frankly, I'm glad that someone is attempting to close all these tax loopholes that tech compnies can use.

  • [deleted]
    1 Week(s) Ago

    [removed]

  • boshk
    1 Week(s) Ago

    why woudlnt you tax companies that do business in your country?

  • ThisMakesNoSensesai
    1 Week(s) Ago

    Its not just american tech giants. Its everyone who makes over 750mil per year in the digital(internet) world.(ads for example)

  • Thercon_Jair
    1 Week(s) Ago

    To be honest, this is just a patch. What really is necessary is worldwide tax rules to tax earnings where they are made.

    You sell stuff in Germany? You're going to pay the taxes on the profit made there, and not deduct licensing fees because it's a subsidiary, then pay taxes on everything you've made worldwide in Luxembourg or the Cayman Islands.

  • primus202
    1 Week(s) Ago

    I don’t understand how the US gets to be mad about this. Aren’t we one of the only countries in the world that taxes citizens working and living abroad? We’re essentially taxing every government where Americans live as is. Don’t know how much revenue that represents though.

  • throwingitallaway33
    1 Week(s) Ago

    Why only digital companies? Plenty if other large corporations evade the shit out of taxes. What about large banks, who harm consumers just as much?

    This is good, but the scope is so limited, it just makes them seem angry at Facebook and Google.

  • garlicroastedpotato
    1 Week(s) Ago

    I think America'a tax system is strange. Being taxed as a foreign expat who does no work in America?

    With globalization taxation should largely be happening at a consumption level rather than at a corporate level.

  • babsbaby
    1 Week(s) Ago

    So the U.S. is going to rely on the OECD and WTO to argue about a 3% French tax? Seems hypocritical to appeal to the same international organizations you're undermining or ignoring on every front by unilaterally imposing or threatening tariffs on allies and China alike.

  • Krizztoff
    1 Week(s) Ago

    Amazon pay very little in tax in this country GB. Sales made online in UK to companies amazon claims are from UK apparently arnt when it comes to paying tax. They Argue the transaction was done in another country, were they have massive tax breaks. Basically their behaving like cunts, and the French have the balls to do something.

  • Gleadr92
    1 Week(s) Ago

    Soooo does this mean if I use a VPN and use a French IP address the company's will need to pay taxes on those adds?

  • ohyeahbigdaddy
    1 Week(s) Ago

    So, the same thing we should be doing in the U.S. Oh wait, what money? It's all in tax havens, doesn't exist as far as the government is concerned.

  • caralto
    1 Week(s) Ago

    Don't see why the American companies will care much, if the tax is say 10% extra, the companies will just raise the cost to the consumers 10% more. Not like there are strong French Netflix/Twitter/Facebook/Apple like alternatives. In the end, the french gets a boost to their taxes to fix roads, etc, US companies stay the same, and French people lose a little more $ in their paycheck. Sure they can vote with their feet, but they likely wont. Same thing happened in countries that did it, some countries even called it the 'Netflix Tax'.

  • Fean2616
    1 Week(s) Ago

    Well done France, now actually get the money from them and I'll be even happier.

  • sevee77
    1 Week(s) Ago

    Do those companies even pay taxes? Was it Amazon or Google who had $10 billion in profits last year, yet paid no taxes?

  • JimSteak
    1 Week(s) Ago

    Without this decision we would be paving the way for internet megacorps to rule a dystopian future. I'm glad France is standing strong against these companies.

  • db1416
    1 Week(s) Ago

    France imposes tariffs: YEAH YOU GO FRANCE! FUCK THE GREEDY US CORPORATIONS!

    US imposes tariffs: OMG WHAT IS YOUR PROBLEM! WHY DO YOU WANT TO START A TRADE WAR UGH STUPID AMERICANS!

    Gotta love Reddit.

  • Daafda
    1 Week(s) Ago

    In their current state, the US would not accept anything like a fair deal, and the French (and everyone else) are well aware of that. If they have to wait for American approval to raise taxes on companies operating within their own borders, they'll be waiting for a new president to be sworn in, at least.

    It's also not surprising that Amazon and others are stroking Donald's ego to try to beckon him to action. They don't like paying higher taxes, and some rash moves by the President would discourage other countries from implementing similar tax increases.

  • PenisShapedSilencer
    1 Week(s) Ago

    French here: glad this happened. It's a starting point, because tax in the EU seems to be a nightmare, especially with tax havens like luxembourg, switzerland, etc. The EU is a big mess of borders because of its long history and there are too many cheaters.

    Im glad the welfare is good around here, because without it I don't know how people would live decent lives.

  • DefiantHope
    1 Week(s) Ago

    ITT: Americans cheering against America

  • Comeonjeffrey0193
    1 Week(s) Ago

    If it deters companies from cramming more ads everywhere they can, i’m all for it.