Vive La France! Facebook, Google, and Amazon Face $452 Million Tax Bill

France expects to collect $ 452 million in 2019 through a new digital tax that targets 30 Big Tech companies, including Facebook, Google, Amazon, and Apple. On March 6, the French government introduced a 3% digital-services tax on tech giants that earn hefty revenues in France through targeted ads or digital marketplaces. The tax will apply to tech companies whose annual global revenues top $ 850 million, and at least $ 28 million in France. The new tax applies retroactively going back to January, according to the Wall Street Journal. The measure comes up for debate in April but is expected to pass

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France Targets Amazon, Google, Facebook for an Annual $500 Million Tax Boost

France is targeting large technology firms such as Google, Amazon, Facebook, Apple, and others in a move that could fetch the French nation about $ 500 million. French Finance Minister Bruno Le Maire said on Sunday in an interview with Le Parisien newspaper. Le Maire said the tax targets companies with a worldwide digital turnover of at least 750 million euros and French revenue of more than 25 million euros. The target will see over 30 companies paying the taxes, mostly American, Chinese, and British, as well as several firms with French origins that have been bought by foreign companies. The French nation’s

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Google is Banning Political Ads in Canada, But the Tech Giant Cannot Be Trusted

Alphabet Inc.’s Google is banning political advertising in Canada just in time to apply to the 2019 Federal elections. The prohibition came in the wake of the Elections Modernization Act, passed by the Canadian Senate this December, which requires online advertising platforms to monitor and report all political and partisan ads. The penalties for not adhering to the said Bill C-76 could slap offenders with fines and possibly, imprisonment. Ruby Sahota, the liberal politician in Canada, said the Election Modernization Act would limit third-party influence on the outcome of the upcoming Federal elections. “No foreign actors would be allowed to

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New Zealand to Slap ‘Digital Services Tax’ on Internet Giants Google, Facebook: Will this Antagonize the US?

Following the precedent set by some European countries such as Austria, France, Italy, Spain and the United Kingdom, New Zealand has indicated it will introduce a digital services tax. This is expected to affect internet giants such as Google and Facebook, according to the New Zealand Herald. Per New Zealand’s Prime Minister, Jacinda Ardern, this is aimed at achieving ‘fairness and balance’ in the country’s tax system. Currently, according to Ardern large internet firms have been fulfilling their tax obligations as required by law: Highly digitalized companies, such as those offering social media networks, trading platforms, and online advertising, currently

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Liberals Love Immigration Unless Google or Amazon Wants to Move to Their Neighborhood

Why does the media keep reporting on Amazon, Google, and other tech giants building new offices and data centers as if their desire to expand is an affront to basic human decency? This article by Elizabeth Dwoskin at the Washington Post covers Google’s expansion into a new data center near Dallas, TX as if the author was a muckraker uncovering a dirty secret. Complete Picture or Propaganda? The story begins: “Last May, officials in Midlothian, Tex., a city near Dallas, approved more than $ 10 million in tax breaks for a huge, mysterious new development across from a shuttered Toys R

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How Apple & Google Transformed into a Systemic Risk to the US Stock Market

According to Credit Suisse strategists, the “reversal of fortunes” seen by tech behemoths Apple and Google-parent Alphabet are dragging down the performance of the overall US stock market. The S&P 500 forecast has been “skewed” by companies suddenly transitioning from high growth forecasts to much more modest outlooks. This Bad Apple Could Roil the S&P 500 An “unusually high” number of big US companies have revised previously-bullish earnings forecasts downwards. These include Alphabet and Apple, as well as Exxon Mobile, GM, Micron, Chevron, and ConocoPhillips. Oil and technology companies are also pushing US stock market growth downward. The S&P 500,

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