Quote:
Originally Posted by loreen
I see more and more Europeans doing it  |
Inside the EU yes for b2c digital sales.
That is EU juristiction and territory -- they can tax to oblivion their citizens if they want.
It's the extraterritorial aspect -- it's naked trade protectionism.
What if: the US government makes EU businesses the tax collector at the source for a new digital sales tax at the rate of 25% to only EU businesses?
WTO here we come.
Retaliatory action or mutual taxation treaties will be the end result -- the taxman has not considered the potential blowback IMHO.