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by zzzcpan 2730 days ago
Taxing foreign tech companies is protectionism [1], not envy or jealousy.

[1] https://en.wikipedia.org/wiki/Protectionism

2 comments

Protectionism implies non-foreign tech companies don't have to pay that tax. I don't see anyone suggesting that.
They aren't explicitly writing it in, but they're adding revenue requirements that make this only apply to foreign companies.
Exactly. The cost of this protectionism will be borne by consumers in these markets in the form of increased prices and the benefits accrue to those that own companies in the protected market.