European Union plans to tax tech giants on local revenue

Re:European Union plans to tax tech giants on local revenue by mtkd on Monday March 05, 2018 @04:26PM (#16524585)

This is likely to become a more heavily debated subject as AI starts to strip-out professions that need people today (truck drivers).

Small inefficient local businesses that provide some local families an income and pay a bit of corp tax - start to become more important to a country than global megacorps providing a few government subsidised minimum wage jobs whilst offshoring all the gains from capturing massive market share.

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Re:European Union plans to tax tech giants on local revenue by distances on Monday March 05, 2018 @05:03PM (#16524894)

My thoughts as well. It could make a lot of sense to block mergers more aggressively, and perhaps even implement progressive company taxation to lessen the competitive advantage of massive corporations. I suppose this would reduce overall economical efficiency though is thus hard to imagine actually happening.

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Re:European Union plans to tax tech giants on local revenue by xxs on Monday March 05, 2018 @05:42PM (#16525247)

>progressive company taxation

Currently companies manage to pay close to 0% (see Apple) tax rate. Progressive tax won't be enforceable with any creative accounting. Progressive tax works only as income tax (pretty much) as it is virtually impossible to hide and the 'creative accounting' at lower amounts is not cost effective.

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