Re:Who owns the German DAX? [pdf]
by adventured on Tuesday June 22, 2021 @09:30AM
(#27591362)
There was a $67 billion trade gap, $60b to $127b, between the US and Germany for 2019.
The biggest US digital/tech companies aren't remotely coming close to having enough unaccounted for business in Germany that could fill in $67 billion.
Re:Who owns the German DAX? [pdf]
by JumpCrisscross on Tuesday June 22, 2021 @08:50AM
(#27590973)
> surplus exists only because the biggest digital companies (Google, MS, IBM, FB, ...) are not counted for in the USA-German trade balance
Do these transactions result in uncounted dollars flowing back to the U.S.?
Re:Who owns the German DAX? [pdf]
by tut-urut-utut on Tuesday June 22, 2021 @09:08AM
(#27591113)
> Do these transactions result in uncounted dollars flowing back to the U.S.?
Yes, but not directly. Unless you count that all those profits are actually trade surplus with Ireland, Luxembourg and other tax heavens, and not with Germany, France and other countries where those "digital goods and services" are sold.
well isn't most money these internet companies do, put into offshore markets, so neither positive for the us and the eu?
The surplus exists only because the biggest digital companies (Google, MS, IBM, FB, ...) are not counted for in the USA-German trade balance.