South Korea to tax big tech

[李伟王芳 + 77]

South Korean government  is planning to collect taxes from Apple, Google, Amazon and other global tech giants for the first time. Authorities are planning to impose taxes on foreign companies, including Apple, Google and Amazon. Current law does not require them to pay corporate taxes there. The dispute represents a repeat of Apple's recent experience in Ireland, which Apple long treated a tax haven before its government recently began collecting taxes. 

[Sefko Trafikant + 35]

I expect several countries will attempt to do something similar sooner rather than later, and I don't necessarily disagree. There is "reverse discrimination," there meaning that South Korean companies both pay taxes and abide by regulations, while foreign firms doing business in the country are not subjected to such restrictions. Samsung, both a supplier and main rival of Apple, is headquartered in South Korea. 

[JohnAtronis + 78]

I don't see any discrimination here. South Korea gave tax breaks to foreign companies to fuel investment by those companies in South Korea. The US does the same thing.

[Nigerian Price + 22]

8 minutes ago, 李伟王芳 said:

South Korean government  is planning to collect taxes from Apple, Google, Amazon and other global tech giants for the first time. Authorities are planning to impose taxes on foreign companies, including Apple, Google and Amazon. Current law does not require them to pay corporate taxes there. The dispute represents a repeat of Apple's recent experience in Ireland, which Apple long treated a tax haven before its government recently began collecting taxes. 

In case someone has forgotten, South Korea is yet another country Trump has imposed tariffs on. And they are allies 

[Ajan Bosnjacki + 27]

Has Apple taken advantage of any Korean Free Economic Zones? I think the Google's and Microsoft's and Apple's avoid tax there by not having what's legally considered a "permanent establishment" rather than being lured in with candy and then slapped with a tax.

[Cokiga Damke + 53]

I keep hearing how the big tech companies aren't paying sufficient tax and government comes out and shout and rage against these tech companies. But the thing is that these companies are entirely within the law.  
 

[JohnAtronis + 78]

19 minutes ago, 李伟王芳 said:

South Korean government  is planning to collect taxes from Apple, Google, Amazon and other global tech giants for the first time. Authorities are planning to impose taxes on foreign companies, including Apple, Google and Amazon. Current law does not require them to pay corporate taxes there. The dispute represents a repeat of Apple's recent experience in Ireland, which Apple long treated a tax haven before its government recently began collecting taxes. 

So USA should tax Samsung, Kia, LG, etc

[Joanna + 68]

Just now, JohnAtronis said:

So USA should tax Samsung, Kia, LG, etc

Since each of those companies have a building in the US they are taxed.

[Hajga Loma DK + 47]

7 minutes ago, Cokiga Damke said:

I keep hearing how the big tech companies aren't paying sufficient tax and government comes out and shout and rage against these tech companies. But the thing is that these companies are entirely within the law.  
 

Fixing international tax law is a really important thing. Doing it right fixes countless international screwups while preventing things like the great depression as a financial correction. Ignoring the corporate taxes, even just individual taxes are screwed up. It is very easy to manipulate personal taxes in perfectly legal ways.

[JohnAtronis + 78]

24 minutes ago, 李伟王芳 said:

South Korean government  is planning to collect taxes from Apple, Google, Amazon and other global tech giants for the first time. Authorities are planning to impose taxes on foreign companies, including Apple, Google and Amazon. Current law does not require them to pay corporate taxes there. The dispute represents a repeat of Apple's recent experience in Ireland, which Apple long treated a tax haven before its government recently began collecting taxes. 

Now that Apple is a trillion dollar company all the greedy government hounds will be sniffing around trying to figure out a way to get a cut.

[Stephen + 67]

12 minutes ago, Hajga Loma DK said:

Fixing international tax law is a really important thing. Doing it right fixes countless international screwups while preventing things like the great depression as a financial correction. Ignoring the corporate taxes, even just individual taxes are screwed up. It is very easy to manipulate personal taxes in perfectly legal ways.

 typical politics. They can tax product sales, but then it is clear to consumers that taxes are being paid. There is no reason for corporate taxes like they want, except that they can hide those taxes from their voters.

[Sefko Trafikant + 35]

1 hour ago, 李伟王芳 said:

South Korean government  is planning to collect taxes from Apple, Google, Amazon and other global tech giants for the first time. Authorities are planning to impose taxes on foreign companies, including Apple, Google and Amazon. Current law does not require them to pay corporate taxes there. The dispute represents a repeat of Apple's recent experience in Ireland, which Apple long treated a tax haven before its government recently began collecting taxes. 

Samsung's doing