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  1. #1
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    France will tax Tech giants.

    Well fair play to the cheese eating surrender monkeys. Let's hope everyone else follows.



    France moved Wednesday to impose a 3 percent tax on Google, Apple, Facebook and other tech giants in a bid to advance an international agreement to clamp down on corporate tax avoidance.

    The proposed levy would affect Web companies that bring in more than 750 million ($848 million) in global revenue and 25 million ($28 million) in French receipts, and it would be applied only on domestic sales.


    More than two dozen companies meet that threshold, Finance Minister Bruno Le Maire said during a news conference in Paris, according to the
    Associated Press. Most are U.S.-based, though some large European and Chinese firms also would be compelled to pay.


    The tax will raise an estimated 500 million euros ($566 million) a year, Le Maire said.


    The French proposal, like
    others from European nations, comes amid broader efforts to modernize the international tax system. The Organization for Economic Cooperation and Development is developing a plan to close global tax loopholes that allow billions of dollars to escape government coffers. Critics say that tech giants generate enormous wealth, but are not appropriately taxed where they do business.
    https://www.washingtonpost.com/techn...=.cb4f954b0c85

  2. #2
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    Should such peanut shut the mouth of the Yellow Vests?

    7 Corporate Giants Accused of Evading Billions in Taxes

    ...corporate tax-dodging costs the EU between $54.5 billion and $76.4 billion a year, according to a study by the European Parliamentary Research Service.

    Companies allegedly achieve this by funneling their profits made in Europe to low-tax countries like Ireland and Luxembourg, and regulators now want corporations to fork out taxes for profits made in each respective country.

    7 Corporate Giants Accused of Evading Billions in Taxes | Fortune

  3. #3
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    Silicon Valley’s Tax-Avoiding, Job-Killing, Soul-Sucking Machine

    Four companies dominate our daily lives unlike any other in human history: Amazon, Apple, Facebook, and Google.

    We love our nifty phones and just-a-click-away services, but these behemoths enjoy unfettered economic domination and hoard riches on a scale not seen since the monopolies of the gilded age. The only logical conclusion? We must bust up big tech.



    https://www.esquire.com/news-politic...ilicon-valley/
    Attached Images Attached Images

  4. #4
    The Fool on the Hill
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    Quote Originally Posted by harrybarracuda View Post
    €25 million ($28 million) in French receipts, and it would be applied only on domestic sales.
    So, basically, the French are gonna tax their own folk and make it sound like they're "closing a loophole" the big techies are takin' advantage of?

  5. #5
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    Quote Originally Posted by bowie View Post
    So, basically, the French are gonna tax their own folk and make it sound like they're "closing a loophole" the big techies are takin' advantage of?
    Most of these companies siphon off their profits through pikey back channels or the like.

    France is saying it is going to tax their profits period.

    How is that "taxing their own folk"?

  6. #6
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    It ain't rebellin' if you're buying what they're sellin'....

  7. #7
    The Fool on the Hill
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    Quote Originally Posted by bowie View Post
    applied only on domestic sales.
    Quote Originally Posted by harrybarracuda View Post
    How is that "taxing their own folk"?
    Wassa matter there Harry, can't connect the dots on that one eh? Taxing "domestic sales" - hmm...

  8. #8
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    Quote Originally Posted by bowie View Post
    Wassa matter there Harry, can't connect the dots on that one eh? Taxing "domestic sales" - hmm...
    They sell adverts.

    Derp.

    Do you pay for Google and Facebook then?

  9. #9
    The Fool on the Hill
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    Quote Originally Posted by harrybarracuda View Post
    They sell adverts.

    Derp.

    Do you pay for Google and Facebook then?
    Yup, as a matter of fact we all do. Increase the tax, or add tax in this case, increases the cost of the advertisement, increases the cost of sales, increases the cost of the product to the consumer - the bottom line remains the same.

    Do you really believe the stockholders are gonna foot the bill the french want to assess? In Your Dreams.

  10. #10
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    Quote Originally Posted by bowie View Post
    Yup, as a matter of fact we all do. Increase the tax, or add tax in this case, increases the cost of the advertisement, increases the cost of sales, increases the cost of the product to the consumer - the bottom line remains the same.

    Do you really believe the stockholders are gonna foot the bill the french want to assess? In Your Dreams.
    So people who advertise on Google and Facebook will put up their prices making them less competitive, and thus losing sales.

    Er, OK.

  11. #11
    Thailand Expat jabir's Avatar
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    Easy enough to fool the people, tax the giants, they'll raise their prices and the muppets pay more, some of which the giants hand over to the bloke with a gun.

    Do it right and you can have them march in their thousands to demand it!

  12. #12
    Thailand Expat Texpat's Avatar
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    These big tech firms didn't march in and demand "sweet deals" from the cowering governments.
    France gaped itself in prostration wooing them in with incentives.

    Now the government is trying to squeeze revenue from their erstwhile paramours. Two-faced Froggy SOP.

  13. #13
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    Corporatism lives on and dutifully accepted.
    The way we like it.

  14. #14
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    Quote Originally Posted by Texpat View Post
    These big tech firms didn't march in and demand "sweet deals" from the cowering governments.
    France gaped itself in prostration wooing them in with incentives.

    Now the government is trying to squeeze revenue from their erstwhile paramours. Two-faced Froggy SOP.
    They get their money from web revenue you fucking plank.

    They didn't exactly rush in building factories to sell Jeeps and Hot Pockets, so they didn't ask for any kind of deal, you imbecile.

    FFS you really are a little bit on the stupid side, aren't you?


  15. #15
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    Harry they have massive warehouses and distribution centres which employ thousands.

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    Sssshhhh, its all in the ether

  17. #17
    Thailand Expat Texpat's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    you fucking plank.

    you imbecile.

    bit on the stupid side
    Do you always get this uptight when you're wrong? It doesn't matter where the tech firms make their money -- the French government is now changing the deal, after wooing them in -- to get some of it.

    They'll leave France. The EU is about to be flushed like a big turd anyway. Many successful global companies will be leaving.

    Macron's a slow learner.

    The proposed levy ... would be applied only on domestic sales.
    He's up to his neck in crocodiles and thinks adding piranhas to the mix will help. Somebody cue Nero.

  18. #18
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    Quote Originally Posted by buriramboy View Post
    Harry they have massive warehouses and distribution centres which employ thousands.
    Ah so that's where Google keeps all those searches.

    And I always wondered where they kept those Facebook memes when they weren't being used.

  19. #19
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    Quote Originally Posted by Texpat View Post
    Do you always get this uptight when you're wrong? It doesn't matter where the tech firms make their money -- the French government is now changing the deal, after wooing them in -- to get some of it.
    What is this "wooing them in" shit you keep going on about?

    "Please monsieur Zuckerberg, would you put your Book de Face on our citizen's computers s'il vous plait. It will bring beaucoup de jobs and investment".

    You fucking moron.


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    Oh dear

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