Reply to post: Re: Tax the Turnover

European nations told to sort out 'digital tax' on tech giants by end of year

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Re: Tax the Turnover

"This will make high-margin businesses very happy (banks, the luxury industry, and incidentally Apple and Google), and will bankrupt low-margins industries, like retail"

The proposals have been explicitly designed to only hit a wealthy subset of large tech firms that are in the habit of using various forms of tax avoidance. At least this way they get forced to pay something just like other businesses have to.

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