Discussing Biden's Potential China Policy

[voyager1]

US contemplating tariffs against countries who have implemented a digital services tax. So far it's France, Austria, Britain, Italy, Spain, India and Turkey.

But you can see it's going to be most of Europe soon.

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They have to raise tariffs, otherwise the rest of the world will soon follow and then there would be big problems...

In addition, Biden now wants to tax profits that the US companies make on foreign countries, lol.
So he doesn't want other countries taxing his companies abroad..

 

[Han Patriot]

They have to raise tariffs, otherwise the rest of the world will soon follow and then there would be big problems...

In addition, Biden now wants to tax profits that the US companies make on foreign countries, lol.
So he doesn't want other countries taxing his companies abroad..

this Tai lady is a tiger lady man. She is helping China in pissing off alot of allies. lol

 

[LawLeadsToPeace]

Is there a precedent to referring to the admin as President-Vice President administration?

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Most likely an attempt to get women's votes.

 

[AndrewS]

They have to raise tariffs, otherwise the rest of the world will soon follow and then there would be big problems...

In addition, Biden now wants to tax profits that the US companies make on foreign countries, lol.
So he doesn't want other countries taxing his companies abroad..

Think about how online retail and remote working/companies will impact the tax base.

Companies will register in an offshore tax haven and pay zero corporation taxes. Even more so than today.
Remote employees will live outside of the countries where they provide services to, and they will no longer be resident for tax purposes.

And the pandemic has supercharged this trend towards online retail/services and remote working

So digital services tax on local online activity is the only practical method for national governments in the future.

The USA is fighting a losing battle with the rest of the world on this topic.

 

[voyager1]

Think about how online retail and remote working/companies will impact the tax base.

Companies will register in an offshore tax haven and pay zero corporation taxes. Even more so than today.
Remote employees will live outside of the countries where they provide services to, and they will no longer be resident for tax purposes.

And the pandemic has supercharged this trend towards online retail/services and remote working

So digital services tax on local online activity is the only practical method for national governments in the future.

The USA is fighting a losing battle with the rest of the world on this topic.

Yep, I think that the rest of the world is starting to adopt China's "cyberspace sovereignty" policy. So now everyone, especially the EU with financial problems, are looking to tax anything that happens in the EU "internet space".

Of course for China this is a win, so it should encourage the rest of the world on pushing this policy

 

[AndrewS]

Yep, I think that the rest of the world is starting to adopt China's "cyberspace sovereignty" policy. So now everyone, especially the EU with financial problems, are looking to tax anything that happens in the EU "internet space".

Of course for China this is a win, so it should encourage the rest of the world on pushing this policy

Well, it's the practical aspect of how you tax a digital economy.
Avalara have a bigger list below. Local digital services taxes are coming.

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And you can also see how the rest of the world is moving towards the Chinese view that the online public space needs to be censored or moderated to prevent fake news, extremism and echo chambers.

It's a big difference from the US view that unfettered online freedom is the best thing for society.

 

[Phead128]

Guys, remember the recent Suez canal blockage?

A Panamanian-registered ship, built/owned by Japanese, operated by Taiwanese, crewed by Indian nationals, traversing an Egyptian-built canal, carrying bulk Chinese goods to Netherlands via Southeast Asian ports. What is the punchline? (and where are the Americans lol)

This basically proves that "de-coupling" is a wild pipedream and that globalization is here to stay. Economic interdependence precludes another Cold War as strategic enemies/adversaries. At worst, it's strategic competition, which is natural and not necessarily a bad thing.

 

[Team Blue]

Guys, remember the recent Suez canal blockage?

A Panamanian-registered ship, built/owned by Japanese, operated by Taiwanese, crewed by Indian nationals, traversing an Egyptian-built canal, carrying bulk Chinese goods to Netherlands via Southeast Asian ports. What is the punchline? (and where are the Americans lol)

This basically proves that "de-coupling" is a wild pipedream and that globalization is here to stay. Economic interdependence precludes another Cold War as strategic enemies/adversaries. At worst, it's strategic competition, which is natural and not necessarily a bad thing.

This exactly. My biggest problem with America right now is we're trapped in a cold war mentality absolutely refuse to cooperate with the next biggest player. The old idea of every country competing individually is outdated and proven over the decades to be too inefficient compared to sharing resources and information.

Like FFS, China and the U.S. are both clearly opposed to piracy in international waters. Which is good! Preventing piracy benefits literally everyone in the world. (Well, except pirates I guess).

But we don't share information or technology that would be useful in stopping it. We spend time and resources trying to one up each other over and over and JFC it drives me up the wall.

 

[steel21]

This exactly. My biggest problem with America right now is we're trapped in a cold war mentality absolutely refuse to cooperate with the next biggest player. The old idea of every country competing individually is outdated and proven over the decades to be too inefficient compared to sharing resources and information.

Like FFS, China and the U.S. are both clearly opposed to piracy in international waters. Which is good! Preventing piracy benefits literally everyone in the world. (Well, except pirates I guess).

But we don't share information or technology that would be useful in stopping it. We spend time and resources trying to one up each other over and over and JFC it drives me up the wall.

You sure US and PRC are on the same page on piracy?

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LoL.

 

[weig2000]

You sure US and PRC are on the same page on piracy?

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LoL.

The fear of and hatred toward China have really clouded American's common sense and judgement.