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A comment on EU lost up to €5.4B in tax revenues from Google, Facebook: report. Parent comment

Re:EU lost up to €5.4B in tax revenues from Google, Facebook... by dangsmum on Thursday September 14, 2017 @02:52AM (#15245520)
thats what the bitcoin detractors said, didnt work out to well for them did it?

and anyway, even if you limit it to "real economy" (if anything in cyberspace can really be counted as real, which is highly suspect) it comes from ad revenue. all taxing eu ad revenue in cyberspace will do is ensure eu companies cant competitively show their ads in cyberspace, doing so will lose the eu a lot more than just "tax".

[ Parent | on HN ]
Re:EU lost up to €5.4B in tax revenues from Google, Facebook... by gaius on Thursday September 14, 2017 @03:33AM (#15245678)
Ad spending ultimately comes from sales revenue from physical goods and services and is intended to drive those sales.
[ Parent | on HN ]
Re:EU lost up to €5.4B in tax revenues from Google, Facebook... by dangsmum on Thursday September 14, 2017 @08:40AM (#15247322)
and the required tax is paid on those physical good and services. nothing to do with google or 0s and 1s.
[ Parent | on HN ]