France 'to go all the way' to make multinationals pay their taxes

[inanna]

Source: Reuters

Sunday 29 May 2016 13.48 BST

France will “go all the way” to ensure multinationals operating on its soil pay their taxes while more cases could follow after Google and McDonald’s were targeted in tax raids, the finance minister, Michel Sapin, has said.

Sapin also ruled out negotiating a deal with Google on back taxes, as Britain did in January. “We’ll go all the way. There could be other cases,” Sapin said.

Dozens of French police raided Google’s Paris headquarters on Tuesday, prompting an investigation on suspicions of tax evasion. Tax investigators searched McDonald’s French headquarters on 18 May.

<snip>

Google, McDonald’s and other multinational firms such as Starbucks are under increasing pressure in Europe from public opinion and governments angry at the way businesses exploit their international presence to minimise the tax they pay.

Read more: http://www.theguardian.com/world/2016/may/29/france-multinationals-pay-taxes-michel-sapin-google-mcdonalds

[Wounded Bear]

1. K & R ......for visibility..

Wish we'd do more of that here. I'm getting tired of being held hostage by corporate interests.

[Ferd Berfel]

3. The only way to change that is Bernie

Neither Clinton or Drumpf will touch that - Even if they didn't have a republican congress

[MsInformed]

5. Your comment

is not really very convincing for those of us not of the faith.

[LiberalElite]

7. It's not faith based - it's reality eom

[MsInformed]

12. Yeah, sure

How many times do we repeat that in ruby slippers?

[Javaman]

13. You honestly believe that , Hillary, who gets the lion share of her donations from corps...

Would demand them to pay their taxes?

That's some fancy mental ju jitsu you are employing to convince yourself.

[MsInformed]

15. My prognostications

Are as valid as yours.
She will need revenue for the programs she is proposing too.

[Javaman]

16. ...

that is a massive weak sauce response

[MsInformed]

17. That's as may be.

No matter what you say is sauce, I don't think you have backed up your statements in the least, so neither do I. I say what I guess may happen as did you.

[Javaman]

18. LOL here you go....

[Javaman]

2. Rec and Kick! nt

[Cobalt Violet]

4. they get coddled by the establishment here.

[Trajan]

6. Excellent ...

EXACTLY what the nation's of the world should do ...

Bernie ... We need him so badly ....

[pampango]

8. It will require international agreements between countries.

Let's hope they can do that. Without that multinational corporations will play one country off against another.

[elleng]

9. Yes it will require international agreements.

I'm not holding my breath.

[scottie55]

10. Paying Taxes Is For The Peons

Where have you been?

[WHEN CRABS ROAR]

11. When the rich don't pay their taxes

it's the poor that gets hurt.

[Moostache]

14. This issue - like many - needs a reframing, badly!

The issue here is not simply "taxes".

The issue is capitalism without regulations or authorities to rein in its excesses and the endless, soulless pursuit of PROFITS...of which an outsized portion go to the CEO and boards of directors while the communities and workers take the "externalized costs" AND less pay in a grinding downward cycle.

It international and is systemic to a capitalist global economy.

This cannot be legislated away in one country. It's more like the Terminator in the original James Cameron movie from the early-80's. It can't be bargained with or feel pity, and it absolutely will not stop until everyone is dead and the Earth strip-mined for more....more junk, more oil, more gas, more, more, more...

Until and unless the world acts to rein in globalization and the strip mining of the Earth's remaining rare metals, natural gas and petroleum in favor of recycling, renewables and reclamations for the damaged ecosystems in our current wake, we are all doomed - even those currently riding the highest, for whom the inevitable fall will be excruciating as well.

Morrison was right, "no one gets out of here alive", but he did not mean to create a rallying cry for corporate wealth seeking to jam on the planetary accelerator to kill everyone...