https://www.bbc.co.uk/news/world-europe-48947922

Silicon valley needs to be abolished anyway.

France is doing Trump's job for him

Trump is wrong on this

France has absurdly high tax rates, but it's going to reduce it in the coming years, in particular the corporate income tax

France's tax rate is not relevent to the principle here

Those taxes are dumb

They're just trying to siphon money generated to fund their social system, even then still that tax ain't gonna do nothing

Well

That's also not relevent, Joey

The idea is basically that they see globalism happening

Silicon valley gonna kill itself. No taxes on Facebook or google is gonna kill silicon valley

The issue is America is getting tax money from profits made on foreign customers

They see money increasingly flowing out, not as much back in, since the internet is only gonna get stronger, so they try to get ahead of it

Where as those foreign countries are not

Trump is protecting American businesses.

Look, I'm a proponent of less taxation, but I also want fair taxation. So France demanding Silicon Valley to pay up makes perfect sense to me.

Same here, ET

I support silicon valley dieing. A 3% tax or whatever on Facebook or Google purchases aren't gonna do nothing

It makes Trump seem hypocritical, Wizard

The purpose isn't to punish them, Joey

How so, he just wants them to be fair. France wants cash and of course an America first President is going to push back.

How so? Silicon Valley are not paying their fair share of taxes on revenue generated abroad

That's why it's only 3%, it seems fair enough

Theres obviously stuff that's going deeper than we see in this article. If this tax was actually to PUNISH silicon valley I bet trump wouldnt be threatening nothing

3% on revenue is equivalent to around 15% corporation tax assuming a 5% profit margin

I think Trump is probably just virtue signalling

Pretending to be against it maybe

You can't say your America first then cave to international taxes.

I'm not American 😮

If Trump wants fairness, he would be negotiating a tax-sharing scheme

I mean Trump

How about a 6% tax then for 30% corporate tax assuming 5% profit

Oh right

I'm not about to criticise or select a rate, Joey, i'd imagine they set the rate to be roughly in line with their existing corporate tax rate

But in principle, I totally support it

Yeah Trump wants fairness in how the platforms operate. Again you don't get to go say pay up money with Donald Trump in office and expect to not have to make a deal.

Corporate tax doesnt make sense

I'd prefer a cororate revenue tax, personally, rather than taxing profit

France n Britain should raise the taxes on silicon valley higher if they're gonna do anything like that

No