The #Internet is reshaping tax landscapes, causing governments to scramble. A 0.1% tax hike in Norway led to a millionaire exodus, draining substantial tax revenues, because people have never been so mobile.
Big Tech like #Google leverages global footprints to minimize taxes, while countries struggle to catch up with outdated tax laws that stop at borders, while the Internet doesn't.
Case in point: France chased Google for €1.6B in back taxes, only to face defeat in court. Why? Outdated laws met digital behemoth.
E-commerce has also opened a Pandora's box of VAT fraud on physical products, creating a taxing puzzle for governments worldwide.
The hurdle of collecting tax debts across borders is a silent battle many nations face, tightening the fiscal squeeze. Only 4 EU countries manage to collect more than 10% of the sums claimed by another member state.
Even in a tight union, performance is abysmal.
From Norway's millionaire migration to Google's French tax feud, the narrative is clear: the internet is a game-changer in tax collection. The taxpayers have grown wings
Delve deeper into how the digital realm challenges tax norms, and what this means for nations globally. Must-read for digital nomads and people interested in the Internet's disruption of governments! https://disruptive-horizons.com/p/internet-makes-harder-governments-collect-taxes
#TaxOptimization #TaxCompetition#TaxFraud #VATFraud #TaxCollection #DigitalDisruption #bitcoinnostr #bitcoin #plebchain #BTC #cryptos
olivier_roland / Olivier Roland
npub1s8…mazfe
2023-10-11 20:28:41
Author Public Key
npub1s82rmg0q0wrxxylv0cw99uuuq5hd557e7d63sn57sfzdu4drrl0q9mazfePublished at
2023-10-11 20:28:41Event JSON
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"content": "The #Internet is reshaping tax landscapes, causing governments to scramble. A 0.1% tax hike in Norway led to a millionaire exodus, draining substantial tax revenues, because people have never been so mobile. \n\nBig Tech like #Google leverages global footprints to minimize taxes, while countries struggle to catch up with outdated tax laws that stop at borders, while the Internet doesn't. \n\nCase in point: France chased Google for €1.6B in back taxes, only to face defeat in court. Why? Outdated laws met digital behemoth. \n\nE-commerce has also opened a Pandora's box of VAT fraud on physical products, creating a taxing puzzle for governments worldwide. \n\nThe hurdle of collecting tax debts across borders is a silent battle many nations face, tightening the fiscal squeeze. Only 4 EU countries manage to collect more than 10% of the sums claimed by another member state. \n\nEven in a tight union, performance is abysmal.\n\nFrom Norway's millionaire migration to Google's French tax feud, the narrative is clear: the internet is a game-changer in tax collection. The taxpayers have grown wings \n\nDelve deeper into how the digital realm challenges tax norms, and what this means for nations globally. Must-read for digital nomads and people interested in the Internet's disruption of governments! https://disruptive-horizons.com/p/internet-makes-harder-governments-collect-taxes\n\n#TaxOptimization #TaxCompetition#TaxFraud #VATFraud #TaxCollection #DigitalDisruption #bitcoinnostr #bitcoin #plebchain #BTC #cryptos",
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