• ccunning@lemmy.world
    link
    fedilink
    English
    arrow-up
    93
    ·
    7 days ago

    The anti-coercion instrument, known as the “big bazooka” of the EU’s trade arsenal, would give the commission powers to go after US multinational companies, slapping extra taxes on the digital revenues of tech firms.

      • FlashMobOfOne@lemmy.world
        link
        fedilink
        English
        arrow-up
        18
        ·
        7 days ago

        Agreed.

        Our own government isn’t doing anything to stop him. Let Europe do something to stand in his way.

    • someguy3@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      edit-2
      7 days ago

      Then the tech firms raise prices in the EU. That’s what happened to Canada and Canada backed down. The only difference is the EU may want to encourage their own tech companies to grow.

      • Taldan@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        7 days ago

        If there’s one thing we’ve learned from tariffs, companies are surprisingly willing to eat extra costs in the short-term, and tariffs taxes are taken much closer to the end consumer

      • MuskyMelon@lemmy.world
        link
        fedilink
        English
        arrow-up
        9
        ·
        7 days ago

        If the EU gives more incentives to their companies, US tech firms will come back begging like little bitches to claim EU domicile.

    • rc__buggy@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      4
      ·
      edit-2
      7 days ago

      And the very next line:

      This is a major escalation the Irish Government wants to avoid.

      Have they tried going back to before they were a crooked tax haven for unethical corporations? I knew as soon as they decided to be a tax shelter that they would become what I believe the Br*tish call, “A cunt in the machinery.”