Austria to implement digital tax for Apple, other large tech companies

“Austria has vowed to tax tech giants, following France’s new levy on the so-called GAFA companies: Google, Apple, Facebook and Amazon,” Deutsche Welle reports. “The EU has been trying to implement a bloc-wide policy on the matter.”

“Austrian Chancellor Sebastian Kurz on Saturday announced plans to impose a tax on large internet and technology companies,” Deutsche Welle reports. “Kutz’s proposal, which comes as the European Union struggles to finalize a new EU-wide levy, will likely come into force in 2020. “‘In addition to an EU-wide move, we’ll also act on a national level. We will introduce a digital tax in Austria,’ Kurz said. ‘The aim is clear — to tax companies that generate huge profits online, but pay hardly any tax on them, such as Facebook or Amazon.’

In addition, Deutsche Welle reports, “France will start taxing Google, Apple, Facebook and Amazon — the big US technology companies known as GAFA — from January 1.”

Read more in the full article here.

MacDailyNews Take: The tax collectors’ collective struggle to modernize continues unabated.

When is enough “enough?” Would that the concept of “wiser spending” outweighed the pervasive “more taxation” in the empty heads of government leaders who love collecting and inefficiently wasting other people’s money.

The welfare state is not really about the welfare of the masses. It is about the egos of the elites. — Thomas Sowell

SEE ALSO:
France to introduce new ‘GAFA’ (Google, Apple, Facebook, Amazon) tax in new year – December 17, 2018

6 Comments

  1. Sadly, liberals have never heard of (or understand) the brilliance of Thomas Sowell. Even worse, libs can’t/won’t learn from the failures of socialism throughout human history. It really is true – liberalism/socialism/progressivism, marxism is a mental disorder – a failure to be able to understand clear, unambiguous data if it does not support their preconceived ideology… combined with their fantasy of a utopian society constructed by the elites.

    1. Socialist countries as a “quality of life promise” cannot exist without a capitalist/entrepreneural state close by to do their inventing/discovery/research to maintain them. Simply put, Socialism pushes down the top thinking and inventing people who actually increase the quality of life going forward. Their “progressive” culture must depend on capitalist states to do the major inventing and discovery of technology and medical advances.

      Socialism is fueled by people who have little or no incentive and want to hold the inventors/researchers down without realizing that it is the inventors are the ones that bring the quality of life up. And then electing multi-millionaires as leaders to hold all others in the “equality” (poverty) level. It makes them feel good that they have stifled creativity and held potential creative people down to their level; all the while letting the socialist leaders be filthy rich without holding them accountable for their financial gain.

  2. “‘The aim is clear — to tax companies that generate huge profits online, but pay hardly any tax on them, such as Facebook or Amazon.’”
    Well, if that’s the case, then it’ll be taxing iTunes and the AppStore.

  3. When will they lean that Taxing corporations does not mean they are taxing the company, it is their customers that pay the tax and now not only are you paying the tax but you are pay the company to collect and administer that tax so you are paying a fee on top of the tax.

  4. To the best of my knowledge Austria is not a socialist country. They are in fact capitalist. They have some socialist aspects, but are more closely akin to the Social Democrats. They haven’t gone full on Venezuela and pitchfork chased the plutocrats out yet.

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