Defending American Companies from Overseas Extortion, Fines, & Penalties (opens in new tab)

(whitehouse.gov)

5 pointsnaryJane1y ago6 comments

6 comments

Obviously this is targeted at the digital services taxes and regulations imposed by Canada and the EU, but I'm very curious about how these clauses might be handled with regards to China:

(b) regulations imposed on United States companies by foreign governments that could inhibit the growth or intended operation of United States companies;

(c) any act, policy, or practice of a foreign government that could require a United States company to jeopardize its intellectual property

ggm1y ago

VAT was introduced in Europe in the 1970s. So this is basically defending American companies against the tax status quo of the last 40 years.

You think this isn't a known quantity trading as American companies into VAT and similar goods and services consumption tax economies?

You think this doesn't beg questions about individual state sales taxes?

Excluding digital services and "goods" from tax was an anomaly. Not the new normal.

Terr_1y ago

How odd that Trump is also illegally "suspending" the laws Congress passed against international bribery.

https://www.theguardian.com/us-news/2025/feb/10/trump-order-...

bediger40001y ago

That was my first thought as well. If there's a US law against bribes, companies can, when a bribe is asked for or hinted at, just say they can't. Saves money, except if maybe you've issued your own cryptocurrency, and are possibly wanting to be bribed.

reify1y ago

Overseas countries protecting their citizens from extortion and enshittification by American big tech companies.

milesrout1y ago

We are just applying the same consumption taxes we have applied to other goods and services for decades. It isn't about targeting American companies at all but comments like yours fuel the perception that it is, which is where this all comes from.

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