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by aluren 2536 days ago
To be frank, a 3% tax is too little too late.
4 comments

We still hope to get it turned into a global EU thing rather than each of us bickering with its own ten of a percent competition over who gets screwed up more. But several EU countries are not on board, so we're taking baby steps, mostly aiming to prove that it does work and no those tech giants will not leave the french market (or if they do, yes someone else will rise in place).
Agreed, I applaud France to take a first step in the right direction.
I wonder about the US response. Because they themselves also get shortchanged by the same companies, yet still doing their legwork, in this case by bullying France.

Why doesn't the US tell Google to go complain to Bermuda, and implement a comparable tax themselves? And apply it to all corporation evading US corporate taxes while using US infrastructure? (big pharma)

(The answer, of course is nationalism and corporate money in US politics)

Well, its a start. Maybe other countries will see that its not the end of the world to tax big companies and follow suit.
It's a start, once it exists the gov can change the rate. And it will perhaps lead to similar laws in Europe.
It's easier to get it accepted with a small rate. Later on it can be increased.