• Buffalox@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    1
    ·
    edit-2
    20 hours ago

    If it is a TAX specifically on US services, it is a tariff.
    But I can see they UK has designed it to go equally for everybody:

    The tax targets companies whose worldwide revenues from digital activities exceed £500m ($673m), with more than £25m of the revenues from UK users.

    IMO we should have a TAX specifically on US tech companies. So they would be easier to replace with European services.

    • Humanius@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      edit-2
      20 hours ago

      Taxation is not a tariff.

      If Germany wants to tax digital services (meaning all digital services and not just American digital services) that is not a tariff. Germany is free to tax digital services as long at it doesn’t directly target US digital services.

      Edit: This comment is a response to the initial text before being edited.

      • Buffalox@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        20 hours ago

        Sorry I made a pretty significant edit. Exactly because I found out that the way UK designed it, it is not a tariff.

        • Humanius@lemmy.world
          link
          fedilink
          English
          arrow-up
          2
          ·
          20 hours ago

          No problem. We all misinterpret things from time to time.

          I believe it is important that we don’t blindly accept Trump’s framing that this is a tariff, because that is exactly the framing Trump used to justify his “retaliatory” tariffs from last year.