Biden considering tariffs......
- Thread starter bobk
- Start date
Swarfmonkey
Member
- Location
- Hampshire
Hardly a surprise given his corporate backers. They're just getting what they paid for.
He'll have forgotten all about it by tomorrow.
Hi there. You forgot to mention this tax was initiated by Trump.
- Location
- Bay of Plenty NZ
The bastion of Capitalism brings in Socialist policies when they cannot compete.
ollie989898
Member
This is a tit-for-tat move because the EU was planning in implementing some big tax changes in the bloc.
But it not against the EU as they large enough to scare the yanks off, it against the UK as we don't have any clout anymore
ollie989898
Member
No, the EU was making noises about taxing businesses providing digital content, the bulk of whom, unsurprisingly, were US based companies. This wasn't policy the UK was dreaming up. It was the EU. Even complete Europhiles can't possibly spin this as the legislation is documented on their own website for petes sake. Curb your anti-UK rhetoric.
The European Commission and the Taxation of the Digital Economy
The consultation on the EU’s digital levy provides an opportunity for policymakers and taxpayers to reflect on the underlying issues of digital taxation and potential consequences from a digital levy. Unless the EU digital levy is designed with an OECD agreement in mind, it is likely to cause...
taxfoundation.org
No, the EU was making noises about taxing businesses providing digital content, the bulk of whom, unsurprisingly, were US based companies. This wasn't policy the UK was dreaming up. It was the EU. Even complete Europhiles can't possibly spin this as the legislation is documented on their own website for petes sake. Curb your anti-UK rhetoric.
The European Commission and the Taxation of the Digital Economy
The consultation on the EU’s digital levy provides an opportunity for policymakers and taxpayers to reflect on the underlying issues of digital taxation and potential consequences from a digital levy. Unless the EU digital levy is designed with an OECD agreement in mind, it is likely to cause...
And yet the USA has dropped any such action against the EU as it didn't want to get into a trade war with the EU. But it still threatened the UK with "drop you taxes or else"
Canada Farmer
Member
You all wanted Biden as president of the US of eh,
You got another 3 and a half more years of this administration... it ain't going to get any better....
You got another 3 and a half more years of this administration... it ain't going to get any better....
ollie989898
Member
You aren't getting this. This idea was that of the EU.
No your not getting it, the EU may have start the ball rolling at the request of it members ( of which we were one at the time ) after many many years of people calling for fair taxation, hell even all the major supermarkets were calling for such a tax just a few months now.
But while the idea of fair taxation is still being persuaded by the EU ( and most likely be brought in) and the USA will do little to nothing about it.
The USA has send a message to the UK " your a small week power compared to us and if you want good old US of A companies to pay taxes in your country we going stick tarrifs on you to th same amount as no one messes with uncle Sam"
And cause the UK has no clout they back down, deprivating the UK of much needed income and putting local tax paying UK companies at a disadvantage
ollie989898
Member
Oh, so the USA is ONLY going to tariff the UK?
- Location
- Bay of Plenty NZ
That sums the situation up well, many countries around the world are wanting to ensure that tech companies pay their fair share of tax in the countries where they operate, to take on Uncle Sam you need a fair bit of cloat, the EU and China are big enough to take them on, the UK and others aren't. This unfortunate truth is seen by many as anti UK, it really isn't it is just the reality of the situation.
Global Britain is a match for any power in the world. How dare you?
ollie989898
Member
US to delay tariff on French goods over digital sales tax
Move heads off sharp escalation in transatlantic trade tensions before Biden takes office
www.ft.com
So it's not just UK goods... Thought not.
Hindsight
Member
- Location
- Lincolnshire
Quite possibly. Just send a warning shot across the bows of the EU. A good idea would be to give li'l ole UK a fecking good kicking as a warning to other countries. Easy to hit a small fairly no consequential country (the UK) pour 'encourager les autres.
Think we can fair forget that 'special relationship' even if it ever existed. Anyway I am of too 'like' Meghan as she may have more say than our Billy Bunter and Liz Trussed up.
ollie989898
Member
The USA is the biggest investor in the UK by miles.
You are now saying the UK is 'inconsequential' and that somehow trying to drash the UK is going to concern the EU, which the Europhiles on this thread seem to believe is the almighty political and economic force that the US are afraid of? You can't have it both ways. If you ask me the USA are trying to discourage a tax policy dreamt up by the EU by merely applying individual tariffs to each EU member state.
It's all BS anyway.
- Location
- Bay of Plenty NZ
Apologies, there were a number of people sent out to the colonies for less! Hang on a minute, what a great idea, I am here of my own free will.
- Location
- Bay of Plenty NZ
It would appear that the EU are not alone in wanting ensure the US tech companies pay their fair share of tax in the countries where they operate, I do see Billy Bunters name among those pressing for change.
Countries vow to press ahead with digital taxes despite US threat
UK, Indonesia, Canada and Austria pledge to take action against tech giants
www.ft.com