Saturday, September 9, 2017

Show Us the Money

Why do you rob banks? Willie Sutton was asked. "Because that's where the money is," he answered quite logically. France and Germany are now going after American tech behemoths for the same reason: That's where the money is. It's not quite Piketty's global tax on capital, but it may "disrupt" the Silicon Valley disrupters all the same.

Bruno Le Maire, the French fin min, said last week that “Internet giants are welcome in Europe but it’s not right they pay so little in taxes,” adding that new ideas needed to be explored to deliver fair taxation.


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