Reply to post: Re: @Ledswinger "Its an excellent idea......"

Hi Amazon, Google, Apple we might tax you on revenue rather than profit – love, Europe

strum

Re: @Ledswinger "Its an excellent idea......"

>You're missing the point that no matter how it is collected, it is always the "people like us" who pay the tax in the end, because we're the ones with the money.

No it isn't 'always'. If the company in question is in a competitive market (not always true*), it can't easily raise its prices. Instead, it will have to shave a fraction of a penny off the dividends (or reduce C-level pay). I know these options seem very unlikely, but that's because govts have been retreating from their responsibilities towards their citizens for so long, that corps feel that the freedom to exploit is some sort of inalienable right.

*And this is one of the reasons regulators need to be tough on anti-trust.

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