Also see http://news.ycombinator.com/item?id=1007048
How can the French do this without falling foul of EU laws?
How can the French do this without falling foul of EU laws?
President Obama has thrown his weight behind a plan that could see foreign firms such as Chinese Global Internet Services being taxed for doing business in USA.
Known as the Chinese Global Services Tax, the controversial proposals will force foreign Internet firms to pay a new tax on their online advertising revenue in USA.
The big picture behind this is scary. If every nation starts taxing internet companies from every other nation for revenue generated off their own population (regardless if said company has a presence in that country), it'll slow down growth tremendously and kill a lot of business models.