<story><title>European Union plans to tax tech giants on local revenue</title><url>https://techcrunch.com/2018/03/05/european-union-plans-to-tax-tech-giants-on-local-revenue/</url></story><parent_chain><item><author>meddlepal</author><text>Taxing on revenue rather than profit feels wrong. If you run a loss you&amp;#x27;re still on the hook for taxes? That doesn&amp;#x27;t make sense to me.&lt;p&gt;How far can the EU push before these companies decide it is not worth having actual businesses there?</text></item></parent_chain><comment><author>Barrin92</author><text>&amp;gt;How far can the EU push before these companies decide it is not worth having actual businesses there?&lt;p&gt;Given that it&amp;#x27;s one of the single biggest and lucrative markets on the planet, much farther I would guess.&lt;p&gt;People are way too screamish about the threat of companies running away. Service providers aren&amp;#x27;t going to abandon hundreds of millions of high income users.</text></comment>
<story><title>European Union plans to tax tech giants on local revenue</title><url>https://techcrunch.com/2018/03/05/european-union-plans-to-tax-tech-giants-on-local-revenue/</url></story><parent_chain><item><author>meddlepal</author><text>Taxing on revenue rather than profit feels wrong. If you run a loss you&amp;#x27;re still on the hook for taxes? That doesn&amp;#x27;t make sense to me.&lt;p&gt;How far can the EU push before these companies decide it is not worth having actual businesses there?</text></item></parent_chain><comment><author>matthewmacleod</author><text>&lt;i&gt;Taxing on revenue rather than profit feels wrong. If you run a loss you&amp;#x27;re still on the hook for taxes? That doesn&amp;#x27;t make sense to me.&lt;/i&gt;&lt;p&gt;True, in that it would better to fix the underlying problems that allow companies to pretend they have no profit. In practice though, it’s not likely to be a problem.&lt;p&gt;&lt;i&gt;How far can the EU push before these companies decide it is not worth having actual businesses there?&lt;/i&gt;&lt;p&gt;Very, very far. They’re not being pushed much at the moment.</text></comment>