What is a digital tax? | CNBC Explains
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- เผยแพร่เมื่อ 31 ก.ค. 2019
- Countries around the world are pushing for a digital tax on tech giants like Amazon, Apple, Facebook and Google. How would a digital tax work? CNBC’s Elizabeth Schulze explains.
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#CNBC #Technology #DigitalTax
The fact that Bernie and trump actually agree on something lol
Europe stands firm on tech tax in the face of Trump’s tariff threats.
"Do tech companies pay their fair share in taxes?" No, but nor do non-tech companies. Moreover, the distinction between tech and non-tech companies is fast blurring. Even when governments realize that their taxation rules haven't kept pace, they are still asking outdated questions.
Some of these are not even "tech" companies, but are media companies ! Earning in advertising. And these boundaries between different sectors are also blurring too !! This is HALF the problem !
What about Andrew Yang who brought this up in the debates ?
Haha this is a CNBC video. The whole NBC corporation is against Yang and they aren’t even trying to be subtle about it.
Maeu Daou Andrew Yang is not a socialist, lmao. Bernie can be considered a socialist
They just need to create a 10% flat tax rate for everybody and ban loopholes. I make a little under 45k and pay 30% in taxes.
The number is closer to 20% to sustain/keep our same programs/services. I agree to a flat tax, but I also believe that in order to do it, and not 'punish' lower class citizens (raising their taxes to a 'fair share', and increase the already insane wealth gap (reducing the top earners taxes from 37% to 20%, or even 10% in the suggested case), there will need to be a government overhaul and there will need to be MASSIVE cuts to programs that are either unnecessary, or outdated. Unfortunately government is government, and the people in charge, doesn't matter if they are democrat or republican, president, senate representative, house member, they all DON'T KNOW HOW TO SPEND WITHIN THEIR MEANS AND BUDGET. So unfortunately a flat tax rate without the mentioned is useless and even causes more harm.
45 k ? What do you do ?
@@Frenchkisssss im in the military.
Frenchkisssss that’s just 5K over the average
That's exactly what Alberta has (has had until 2015)
this channel is so informative and more importantly, it's not polarized.
Ah yes, good old France sticking another 3% on here and there. Their corporation tax is highest in Europe by a long mile 33.3%! Hence why their biggest "tech" company Accenture left France and redomiciled in Ireland..
That’s the first time I have ever seen Trump and Sanders agree on something. It’s kind of beautiful actually.
Microsoft be like : why they tax only Facebook Google Amazon and Apple 😭 !!? Come on I hit the trillion in valuation !!
😂😂
All that is going to happen is that the tech companies will pass the tax along to its customers, making us pay more for goods and services we all already complain about not being able to afford.
Could you investigate the Democratic Dividend proposal by Andrew Yang? On how giving each American a hundred bucks to give to their political party of preference could help improve democratic representation.
Freedom dividend**
They won't. NBC doesn't like Yang, they even made a video on how UBI won't work. #YangGang
Just look up Universal Basic Income on TH-cam. Lots of videos about it in last few years.
@Balram Trivedi: I wonder if you'd feel the same if a significant number of people gave that $100 to a party who had views and goals that would negatively affect you or your loved ones?
@@retnavybrat
Well said. People don't think about things. No these days it is all about GREED!!!!
“Doesn’t tax consumers” - hahaha
If the companys are operating in a country they have to follow local tax laws. Company's base is moot in taxation argument.
begin for all USA corporations to pay fair taxes in the USA
They have to pay taxes everywhere they make profit, that's the basic idea of taxation
I think you guys should also dive a bit deeper into Artistic subjects like covering a big time Hollywood Director and the amount of money their movies have made. I would prefer a video on Chris Nolan
This is a new legislation coming online around the world. Refer Action plan 1 of OECD Taxation.
Not only France but every major economy is going to tax the tech giants.
@Heather Larson and in the USA these companies are subsidized. Also they place their European offices in offshore countries such as Ireland
The thing is, these companies are too big and are able to abuse their power , thereby putting the tax burden upon smaller businesses which they rely upon, and their beloved consumers, thereby driving down total consumer spending. Which in turn might negatively affect the economy.
Raising taxes to give to a government authority that will most likely misspend those funds, is simply not worth it. Cut Taxes and financial misspending.
U put a smile on my face Elizabeth Schulz every time u do an episode... wonder y had to decrease the frequency.
On the episode : It is double whammy of sorts. Put tax and the cost for consumers increase. Don't tax them & they increase their monopoly to destroy small traders (or force them to come over and then charge commission).
The politicians, if at all thinking about this, have a tough problem. It'll require a smart solution.
What's happening with Kirkland Home decor stores. The one in my area closed. The selection online and in the stores has changed, design wise that I don't appreciate. They had a wonderful collection of Italian Tuscan/Tuscany products, lamps..pictures..candles..sconces.
There is one in my area that is still open.
Europe has to find a way to pay for all their social programs, prime example of what happens when government gets to big. If you really think about it government social programs should be safety net for the most vulnerable and not tell all mandate to running one's everday life.
If there isn't a tax implemented for something, just wait and there will be 🤔
Wow! This one was actually not bias... not bad CNBC
It should be based on how much profit you made in that country. Not how much you make world wide.
today, the storm coming my town but since I saw her, everything calm
So basically what Andrew yang proposed
circulating back to the people instead of government
Nice
👍
Elizabeth is back!
So what is the tax on exactly? Their local revenue? Is it an addition to coorporate tax? You didn't explain any technicalities
GREAT 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
tax increases should mean less profits for shareholders but instead its more cost on the consumer... gotta love how companies have threatened us into submission like that.
if eCommerce giants increase commissions then due to digital tax, then they will lose local startups.
Who loses tho? Does Amazon need local start ups? 😂😂😂 or does local start ups need Amazon?
@@javilt1 ....in long run amazon needs local startups !! That is how laws work in india for ecommerce marketplaces, this isin't USA !!
Can a video be made on global education system that is how it should be?
Business and taxes is kind of something that can't being unrelate, we obviously will get it soon and It will be such a big changed on money currency.
Yeah made them pay taxes so that everything will become more expensive.
That's the problem with these companies having such a great market quota. Nevertheless once their services become more expensive, their competitors (who might be playing by the rules) will have more opportunities to attract new costumers, therefore making it a more competitive market. It is all lost with Google in the search engine field though, it is the most similar thing we have to a monopoly rn
@@edvirgiliom I don't care Google is great for me I don't want any other and I also don't want to pay for PS5 next year 50-100$ more since they are also imposing taxes on game consoles now. Taxes benefits no one except the state and that money will end up in some greedy politician's pockets.
Of course they will increase the rate they charge sellers, and of course they will increase the prices for the consumers. I'm not defending them, but by the end of the day their margins are quite small. Amazon makes so much money due to volume, so if the taxes go up, everything else will as well.
The problem is not paying tax.... After paying tax whether that money is spend back properly or just its publicity stunt to collect digital tax on tech companies since they are earning more
#yanggang
The question is how can government reach into the 30% playstore/appstore tax bucket
My concern about tax digital, it only word to rise price for consumers, from what i see , corporate will give puss for consumers to pay more. Think it twice.
Amazon STILL PAYS TAXES they just did not pay a federal tax
Tax apple, google and Facebook and the average consumer will foot the bill.... great
I still don't understand how the digital tax works after watching this.
hi, can you guys do a vid looking into why the word's biggest consulting firms can't function as successfully in china as once did in Europe in the 1970s?
Short answer:- China has protectionist policies and they have too much competition.
*From next year, our Federal Bank in Nigeria, will start charging 5% for all online transactions. But unfortunately, it will come in the form of Value Added Tax. So it's us that will suffer it.*
How much VAT do you pay now?
Derp, big tech needs to pay taxes to the government so that the government can figure out who in big tech to pay the taxes to
Yup senior engineers easily make half a million in the Bay area. Chief executives of those tech firms make hundreds of million dollars a year.
~ and those tech companies have been evading taxes by reporting their income in tax heaven like Ireland and Singapore. They need to pay tax. It is unfair
*Leave the internet alone, gushhhh*
So, the tax will be transfered to the end user. We pay and will keep paying always.
Until there are cheaper alternatives to these companies
How about get rid of all taxes 😂 (Federal Reserve/IRS/Government) US can make money by running casinos and non profits and asking for donations to rounding up your Starbucks of $4.25 to $5. This round up gives 75 cents to military etc. Basic social services are offered through private voluntary government $50 a month like a gym membership but for basic human needs like healthcare etc
How do you propose paying for the military then?
retnavybrat Look at my edited comment. Federal Reserve/taxes is a form of communism the belief that a private bank should manage how much money supply is made which effects prices ie inflation going up. Crash the economy? Good for banks buy things on the cheap and use tax from your labor to bail them out like 2008 since they gamble with your money on stock market. Bad for everyday Americans
Like Trump and Sanders' accountants don't use every legal deduction and loophole to make sure their clients pay as little Federal income tax as they can manage.
idk who she is but i like this reporter
How is this digital tax supposed to be a corporate tax when they can just pass it on to the consumers
Don't be their consumer
They would have no way to enforce this lol
Now Rikey Reid is reporter jaja
India should also think in this direction.
It's already thinking
...? No wonder online sell can kill offline shop... They operate without paying tax!😲😲😲
imagine living in france and you buy a 10 euro app and recipt says 10 for subscription 1 for french government 😂😂
A big mistake by CNBC.
At 2:16
The tab of computer is of windows.
While symbols present there are of Macbook.
Very bad CNBC.
But still we are your fan.
When I am using social media apps then basically I am using a service and this service needs to be taxed.
The question arises if they are not charging us anything how will tax be defined?
They charge your local companies to show you their advertising
A scam, now taxed by amazon but amazon payed $0 in taxes 😒
Elimínate sales tax for small businesses! Problem solved
there is a video on how amazon pay zero tax
Take a step back. More taxes for what? Welfare? How about no
The cost of doing business.. Like import tax. Europe stands firm on tech tax in the face of Trump’s tariff threats.
Kinda stuck on this. On one hand i want companies like amazon to pay their fair share but on the other hand im against heavy government taxation and control. Both are equally bad
Good video, thank you! Governments will litterally invent ANYTHING to be able TAX. I liked Trumps reaction to the French idea to tax US companies..Trump will tax the French wine rendering it undrinkable !
Jeff Bezos calls “Amazon” his winnings. That pisses me off.
this law will be for the people, the companies will charge tax to the buyers...
100 country implement it, they better close shop because all the money they earn goes into paying tax only
Did she travel to so many countries for this video or are the back drop really a blue screen
We recorded the stand ups over time. :)
At least something that democrats and republicans agree upon. Certainly we need some kind of tax on the technology companies due to their size and the way they are putting the small companies out of business. Especially when the small business pay too much in tax and consistently get harassed by the IRS and the big business pay almost nothing in taxes.
This cameraman should send back to school for relearning how to hold a camera , despite the good content it hurts my eye to catch up with the idea.
When will people EVER learn? Companies NEVER pay tax. Consumers ALWAYS pay the tax. ALWAYS. It's Economics 101. It is better just to charge consumers Sales Tax and have the companies pay NO tax whatsoever. Amazon and E-bay both collect Sales Tax now. They have no incentive to alter their business practices to dodge it. It makes everything simpler and cheaper and more economical.
Chad Bradley this is proof you know nothing. There are more taxes than sales tax
@@ShidaiTaino Please take a simple economics class...or watch a TH-cam video on taxes affecting the cost of products. On average 23% of the price of items purchased are embedded income taxes, property taxes, business taxes, etc...that is BEFORE any Sales Tax is applied. Anyone who knows anything about Economics knows that the consumer ALWAYS ultimately pays ALL taxes.
Rất nhiều điều muốn nói nếu biết chính xác đầy không phải là người già mạo đám bảo nó là mãi mãi
You are really beautiful
*I support digital tax!*
Goverbments, lolz. Gotta get their "protection" money somehow.
If I don't have an office in a foreign country and you buy my products over the internet and you are from a said country that's not my problem I'm not paying no taxies where I'm not benefiting from the taxes Especially if I do not have an office over there too. if I have an office then its reasonable to pay taxes on the good profits that the business makes the subsidy makes not the entire company. This will make it harder to start a business online and people and investors will think twice about doing business with certain countries. you may see countries imposing taxes on french companies that do business overseas. Whoever came up with this needs to think about it really hard. It's not going to work.
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Tax and regulations isnt something thats really for the public good. Its a weapon government uses to attack threats or to extort them.
i come here just for see you pretty ladies ~^^"
😀
A tax is a good idea, but I dont agree with a "global solution".
Another tax to pay for the non-jobbers who work for the state
Good to see the "overly attached girlfriend" girl grew up to be a CNBC reporter.
Business and taxes is kind of something that can't being unrelate, we obviously will get it soon and It will be such a big changed on money currency.