Thursday, August 29, 2019

"Amazon Is Looking More and More Like a Nation-State"

Vice:

Most politicians don’t understand how to confront Amazon’s market power. The most recent example is in France, where last month a decision was made to levy a 3 percent tax on Big Tech firms with global revenues higher than €750 million (~$830 million) and French revenues exceeding €25 million.

Amazon responded by simply levying its own tax on French businesses and increasing seller fees by 3 percent.

...

The ability to levy taxes is typically reserved for states, but corporations have made it increasingly clear they’re eager to challenge and usurp any nation-state’s sovereignty.