alt Hacker NewsAmerican big tech companies pay very few taxes, compared to European standards. This is part of what makes it difficult to compete with them.
Everyone in Europe is saying that the CCP is illegally subsidizing EVs and solar panels to conquer the European market, and that we need to protect from them by imposing tariffs: but if you think about it, this isn't too different from what America is doing with tech.
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nradov • yesterday at 9:15 PM
OK so lower corporate taxes then. Easy. If that enables European tech companies to grow and prosper then this will actually increase net tax revenue even if the rates are lower.
> American big tech companies pay very few taxes, compared to European standards. This is part of what makes it very difficult to compete with them.
American big tech companies have to pay their workers a lot more than European tech companies.
Microsoft has to pay local taxes on sales in those countries. They are not paying American tax rates on European sales.
Even their American corporate tax rates, if raised to European levels, would still have ample room for profit.
Your argument is not supported by the data.
> but if you think about it, this isn't too different from what America is doing with tech.
It’s nothing like economic dumping. America is not pumping money into Microsoft to dump Microsoft Office into European markets.
Those European companies could come to the US, open an office here, and be under the exact same rules as Microsoft.
The situation is not alike at all.