57 upvotes, 2 direct replies (showing 2)
View submission: Donald Trump Threatens Tax War Over US Multinationals
Submission Statement:
The article examines President Donald Trump’s directive for U.S. officials to counter digital services taxes (DSTs) imposed by other countries on American tech giants like Google, Amazon, and Facebook. Trump’s administration argues these taxes disproportionately target U.S. companies and violate international trade norms. Countries implementing DSTs claim they address the inequities of outdated tax systems that allow tech firms to shift profits to low-tax jurisdictions. The U.S.’s retaliatory stance risks escalating trade tensions, as it considers tariffs or sanctions against countries adopting such measures. The situation underscores the challenges of achieving global tax reform, balancing national interests, and addressing the growing power of tech corporations in the digital economy.
Comment by lazyFer at 21/01/2025 at 17:27 UTC
48 upvotes, 0 direct replies
Maybe if these multinationals weren't structured specifically as they are for the sole purpose of shifting tax liabilities for avoidance purposes they wouldn't be "disproportionately" targeted.
Comment by SympathyOver1244 at 21/01/2025 at 14:48 UTC
17 upvotes, 1 direct replies
Countries implementing DSTs claim they address the inequities of outdated tax systems that allow tech firms to shift profits to low-tax jurisdictions.
It's called Base erosion and profit shifting (BEPS).
Depending on jurisdiction, the counter-argument does not hold any ground...