These tech giants rake in global profits without paying local taxes. If U.S. leaders want fair trade, they shouldn’t bully democratic economies but push for global tax reform instead.
Appropriate-Talk-735 on
Yes digital services is what the game is really about for the US.
Pristine_Ad3764 on
So, what stops USA tech companies to impose additional fees in countries with digital tax? Europe don’t have any alternatives.
yosarian_reddit on
Excellent idea. All countries need it
Specialist_Exit_3656 on
way to low
but good move
Apprehensive-Log3638 on
Awful policy.
Digital sales tax is a tax on revenue, not profits. The tax rate sounds small, it is not.
Hypethetical.
Company A monetizes their service by selling Ads online. If they sell $100 in ads online and the cost to run their service, IE labor, infrastructure etc. is $90. The company makes a healthy 10% profit.
If that $100 is taxed, they are now making $7 instead of $10. That is a 30% tax.
This is just going to lead to higher prices for consumers and polish customers being forced to directly pay for what were previously free with ad services.
arekolek on
pity president said he’s not going to sign it
C137Squirrel on
I wish Canada didn’t capitulate on the digital tax.
pinacoladarum on
This will be a highway robbery by the government. Here’s what will happen..
Gov will keep the digital tax.
Business will collect the tax from customers.
When time comes for the business to deposit this tax to gov, US will interfere and threaten with Tariffs.
Gov will back down and cancel the digital tax.
Here’s the catch.
Remember businesses were collecting this tax from customers….. Customers will not receive a penny back of this cancelled tax!!!
Daiymas on
This is just for show, as it will be vetoed by the pro-Trump president.
Long-Cabinet6121 on
I would argue that best strategy is to make Trump feel awesome with endless ass kissing while doing something underhanded to hurt his supporter base. Unless of course your domestic politics dictates an openly adversarial stance for you to get elected
one_jo on
Europe has a huge trade deficit regarding digital services. Trump says that trade deficits are a real bad so…
Teddington_Quin on
Please, Poland. Do it. They’ll get fucked so hard by the US if they do.
Moronto_AKA_MORONTO on
Poland is slowly becoming a very strong and diverse economy that will literally need nothing from the Americans, I applaud them for the direction they are taking.
Hopefully this sparks urgency for the EU to find some common ground amongst themselves to develop something to replace the American tech giants.
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14 Kommentare
These tech giants rake in global profits without paying local taxes. If U.S. leaders want fair trade, they shouldn’t bully democratic economies but push for global tax reform instead.
Yes digital services is what the game is really about for the US.
So, what stops USA tech companies to impose additional fees in countries with digital tax? Europe don’t have any alternatives.
Excellent idea. All countries need it
way to low
but good move
Awful policy.
Digital sales tax is a tax on revenue, not profits. The tax rate sounds small, it is not.
Hypethetical.
Company A monetizes their service by selling Ads online. If they sell $100 in ads online and the cost to run their service, IE labor, infrastructure etc. is $90. The company makes a healthy 10% profit.
If that $100 is taxed, they are now making $7 instead of $10. That is a 30% tax.
This is just going to lead to higher prices for consumers and polish customers being forced to directly pay for what were previously free with ad services.
pity president said he’s not going to sign it
I wish Canada didn’t capitulate on the digital tax.
This will be a highway robbery by the government. Here’s what will happen..
Gov will keep the digital tax.
Business will collect the tax from customers.
When time comes for the business to deposit this tax to gov, US will interfere and threaten with Tariffs.
Gov will back down and cancel the digital tax.
Here’s the catch.
Remember businesses were collecting this tax from customers….. Customers will not receive a penny back of this cancelled tax!!!
This is just for show, as it will be vetoed by the pro-Trump president.
I would argue that best strategy is to make Trump feel awesome with endless ass kissing while doing something underhanded to hurt his supporter base. Unless of course your domestic politics dictates an openly adversarial stance for you to get elected
Europe has a huge trade deficit regarding digital services. Trump says that trade deficits are a real bad so…
Please, Poland. Do it. They’ll get fucked so hard by the US if they do.
Poland is slowly becoming a very strong and diverse economy that will literally need nothing from the Americans, I applaud them for the direction they are taking.
Hopefully this sparks urgency for the EU to find some common ground amongst themselves to develop something to replace the American tech giants.