We have talked about Obama’s goal of taxing companies business in foreign countries. A commercial airliner lands in Spain and Obama wants part of the profit. Corporations flee America to escape the highest taxes in the world and Obama wants a piece of the action to demonstrate there is nowhere to hide. He wants a deal with the UN to tax everyone for everything which is shared.
The congressional libs and GOP united in their effort to prevent the internet from being taxed but that never stopped Obama. US Ambassador Kramer just talked about a popular UN proposal to control the internet. There’s a December ITU conference in Dubai when they are planning to create new rules.
We know Amazon plans to relocate more than 10,000 affiliates in California when their internet taxes become law, there is no effort to create jobs in the US. People are voting to save Obama’s job or save their own.
Who is protected? All of those internet companies which grabbed their ankles long ago for the regime, Facebook, Google…, what happens to them when the surcharge taxes hit their foreign markets? Apple has already been blacklisted and they too slept with the enemy.
AFP: “French tax authorities have made a billion-euro ($1.3 billion) claim against Google to pressure the US Internet giant to compromise in a dispute over compensation to media websites, a French newspaper reported. … Google uses a number of measures to reduce the amount of tax it pays in France by funnelling most revenue through a Bermuda-registered holding and then reporting it in Ireland.”
The weekly Canard Enchaine: “If the negotiations between Google and the media publishers don’t result in a deal by the end of the year, Google already knows what awaits it from a tax point of view: one billion.”
AP start of this year: “Facebook and Twitter pose a threat to Google because they don’t allow Google’s search engine to log most of the photos, links and observations cascading through those services. That’s troublesome to Google because its search engine could become less useful if its system can’t analyze what people are signaling is important to them so those preferences can be factored into the results.
Twitter once gave Google better access to the tweets flowing through its service as part of a 2009 licensing agreement, but that deal expired last summer. Microsoft Corp.’s Bing search engine is still paying to mine into Twitter’s service.
Facebook has long cooperated with Bing, partly because Microsoft bought a 1.6 percent stake in the company in 2007. At the same time, Facebook has steadfastly resisted Google’s attempts to peer deeper into its social network.”
In December 2011 Microsoft and Bing stepped into that most coveted #2 search spot just behind Google dropping Yahoo to #3. Bing’s volume represented over 15% of America’s traffic while Yahoo received 14.5, an expected switch since their partnership. We noted the steep climb to Google’s 65.9%.
Now Google is facing yet a few more battles including the European tax war, it was not long ago that their wi-fi watchdogs were trolling the streets of Britain. Remember the Google no bid government contract? What about their offshore financing to yield the extra low 2.4% tax rates?