France & the New Digital Tax

The French GAFA tax is an acronym for Google, Apple, Facebook and Amazon which the French government has just passed. They are imposing a 3% tax on all business in France. The US has promised retaliation. This is part of the entire problem the world faces with trade. A lot of people talk about trade wars, but they live in the past. There is something far more serious at stake and that is the digital world and how governments are hungry for taxes to the point that they are threatening the viability of the world economy going forward for they are seeking to tax the digital world and every country has a different scheme in mind. This will only lead to an economic decline on a global scale.

Latest Posts

Palestinian Refugees Heading to America

To the surprise of none, President Joe Biden is considering allowing Palestinians to seek refuge in America. Technically, they could already come here; anyone and everyone could come here, as [...]
Read more

The UK Will Deport Migrants to Rwanda

Prime Minister Rishi Sunak finally has the power to bypass the European Union courts and tackle the UK’s migrant crisis. About 1,843 illegal immigrants crossed into the UK in 2019, [...]
Read more

Market Talk – May 2, 2024

  ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 37.98 points or -0.10% to 38,236.07 Shanghai closed Hang Seng increased 444.10 points or [...]
Read more