this post was submitted on 13 Jul 2025
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[–] ccunning@lemmy.world 193 points 2 days ago (14 children)

The anti-coercion instrument, known as the “big bazooka” of the EU’s trade arsenal, would give the commission powers to go after US multinational companies, slapping extra taxes on the digital revenues of tech firms.

[–] someguy3@lemmy.world 14 points 1 day ago* (last edited 1 day ago) (8 children)

Then the tech firms raise prices in the EU. That's what happened to Canada and Canada backed down. The only difference is the EU may want to encourage their own tech companies to grow.

[–] MuskyMelon@lemmy.world 18 points 1 day ago (3 children)

If the EU gives more incentives to their companies, US tech firms will come back begging like little bitches to claim EU domicile.

[–] elucubra@sopuli.xyz 14 points 1 day ago (2 children)

What people don't seem to realize is that the US effectively subsidizes the digital sector by means of minimal taxation. The EU should tax the fuck out of US tech companies, and incentive European alternatives and especially FOSS.

Oh,and Ireland (country that I love, btw), get rid of the parasitic sector, wich may bring in money, but also fucks up your country. See housing, for example.

[–] ThisIsDys@europe.pub 1 points 12 hours ago* (last edited 12 hours ago)

I don't know how we've been getting record corporate taxes year after year (to say nothing of our income taxes on the higher salaries tech companies pay thousands of Irish employees), and yet:

  • Infrastructure remains shit and underdeveloped
  • Inequality of development, amenities, and pay between Dublin and everywhere else gets worse every year.
  • We've failed to build a solid bedrock of homegrown companies to replace the fragile reliance on MNC employment and corporate taxes.
  • Pension age bomb is still ticking

I maintain that low corporate taxes are, unfortunately, crucial for underdeveloped nations to have any hope of investment coming to their shores. It sucks, but it massively contributed to Ireland crawling out of desperate poverty. And we never did anything sustainable with that good fortune, to say nothing of being too scared of them leaving to not reset the tax rate to something fairer now that we have other benefits for MNCs beyond low taxes (eg: we're one of the most well educated countries in the world now). If US giants leave Ireland, there's gonna be a shitton of unemployed people and we don't have anywhere internally for them to take their expertise.

Edit: None of this, BTW, says the EU shouldn't smack them hard as a counter. Out government has fucked us with decades of "ah sure it'll be grand". No reason the whole EU should be held back just for us.

The EU will be held back in this because those same corps have immense political weight more than anything tbh.

And data centers.

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