Quote:
Originally Posted by Barry-xlovecam
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.
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To only EU businesses? Is that supposed to be equivalent to EU's practice (it isn't)?
This new tax thing is mutual taxation signed with treaty (and reinforced also by USA and other parties), no retaliation expected. Come on.. seriously..