The anti-coercion instrument, known as the “big bazooka” of the EU’s trade arsenal, would give the commission powers to go after US multinational companies, slapping extra taxes on the digital revenues of tech firms.
This is a major escalation the Irish Government wants to avoid.
Have they tried going back to before they were a crooked tax haven for unethical corporations? I knew as soon as they decided to be a tax shelter that they would become what I believe the Br*tish call, “A cunt in the machinery.”
I support the Global Tax Agreement but think it’s a little too lenient. A real 15% tax would do way more for everyone except the corporations than a 15% tax with loopholes allowed. So I’m not exactly sitting in a glass house?
I don’t think EVERY country should impose those rates but any “first world” country needs to. let the developing world impose lower rates or even incentives if that’s what works for them but if the economy is roaring along lets get some of that wealth into the public coffers.
Then the tech firms raise prices in the EU. That’s what happened to Canada and Canada backed down. The only difference is the EU may want to encourage their own tech companies to grow.
If there’s one thing we’ve learned from tariffs, companies are surprisingly willing to eat extra costs in the short-term, and tariffs taxes are taken much closer to the end consumer
What people don’t seem to realize is that the US effectively subsidizes the digital sector by means of minimal taxation. The EU should tax the fuck out of US tech companies, and incentive European alternatives and especially FOSS.
Oh,and Ireland (country that I love, btw), get rid of the parasitic sector, wich may bring in money, but also fucks up your country. See housing, for example.
PLEASE do. Maybe that will get enough companies pissed at him that they push him and his support out.
Agreed.
Our own government isn’t doing anything to stop him. Let Europe do something to stand in his way.
And the very next line:
Have they tried going back to before they were a crooked tax haven for unethical corporations? I knew as soon as they decided to be a tax shelter that they would become what I believe the Br*tish call, “A cunt in the machinery.”
1209 North Orange Street in Wilmington alone evades more tax than Ireland.
It’s lovely to throw stones, but you’re in the most delicate glasshouse of them all.
I support the Global Tax Agreement but think it’s a little too lenient. A real 15% tax would do way more for everyone except the corporations than a 15% tax with loopholes allowed. So I’m not exactly sitting in a glass house?
I don’t think EVERY country should impose those rates but any “first world” country needs to. let the developing world impose lower rates or even incentives if that’s what works for them but if the economy is roaring along lets get some of that wealth into the public coffers.
A literal bazooka would work too: KABOOM and no more orange idiot rambling about things he doesn’t understand.
Then the tech firms raise prices in the EU. That’s what happened to Canada and Canada backed down. The only difference is the EU may want to encourage their own tech companies to grow.
If there’s one thing we’ve learned from tariffs, companies are surprisingly willing to eat extra costs in the short-term, and tariffs taxes are taken much closer to the end consumer
If the EU gives more incentives to their companies, US tech firms will come back begging like little bitches to claim EU domicile.
What people don’t seem to realize is that the US effectively subsidizes the digital sector by means of minimal taxation. The EU should tax the fuck out of US tech companies, and incentive European alternatives and especially FOSS.
Oh,and Ireland (country that I love, btw), get rid of the parasitic sector, wich may bring in money, but also fucks up your country. See housing, for example.
And data centers.
Do the leaders in the EU also have stock in all the big tech companies like Carney does?