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A comment on European Union plans to tax tech giants on local revenue. Parent comment

Re:European Union plans to tax tech giants on local revenue by batmansmk on Monday March 05, 2018 @05:08PM (#16524955)
You are not very data driven :).

Facebook in UK paid £5.1M in tax for £842.4M in revenues. Criteo in USA paid $83M sold for $332M. The effective tax rate of the GAFA is 8% versus 25% for traditional export companies such as Airbus.

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Re:European Union plans to tax tech giants on local revenue by derriz on Monday March 05, 2018 @05:15PM (#16525024)
Maybe :) but if you're going to provide numbers like that, then I'd be interested in hearing, for example, how much foreign corporation tax was paid by French aeronautical companies on their 50B worth of exports? Or German car companies on their 100B worth of exports? Or any UK companies on their exports?
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Re:European Union plans to tax tech giants on local revenue by tonfa on Monday March 05, 2018 @06:58PM (#16525729)
Wasn't the 8% due to the deferment of foreign income tax? And with the US tax reform they will pay it for all those years of accumulated profit (and they are no longer able to defer it).

Eg. Alphabet had a 3B loss last quarter due to taxes.

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