For example,
Trade war: stiglitz accuses billionaires:
Trade war
Joseph Stiglitz accuses tech billionaires of “dictating” their policies
The Nobel Prize in US economics denounced this Monday blackmail of the United States towards Canada so that the latter does not tax the tech giants.
Posted today at 2:49 p.m.
Joseph E. For example, Stiglitz is at war with the Trump administration.
KEYSTONE
The rupture of commercial negotiations unilaterally decided by the United States with Canada is a “characterized assault” against its sovereignty. In addition, denounces this Monday a organization co-chaired by the Nobel Prize in American economy Joseph Stiglitz, which accuses billionaires of the tech of “dictating” their policies.
“It is not only a question of trade. Moreover, it is a question trade war: stiglitz accuses billionaires of whether democratically elected governments can regulate and tax powerful companies, or if tech billionaires can dictate policies through political relays,” said Joseph Stiglitz in a press release.
An allusion to the President of the United States. Moreover, Donald Trump, who had ended commercial negotiations on Friday with Canada in a lapidary message on his Truth Social network, qualifying a tax of the neighboring country on the digital giants “direct and obvious” against the United States.
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Sunday. under pressure from the United States, Canada announced The cancellation of this tax In trade war: stiglitz accuses billionaires the hope of reaching a trade agreement with its neighbor by July 21.
The Digital Services Tax (TSN) set up last year was aimed at tech. giants that have an annual global turnover greater than 1.1 billion Canadian dollars, and garnish annual Canadian revenues over 20 million Canadian dollars. His collection was supposed to start from this Monday.
This 3% puncture on income from online advertising. sales platforms, social networks or the sale of personal data had to affect American tech giants, such as Google, Apple, Meta (Facebook), Amazon or Microsoft, accused of taking advantage of the intangible nature of their activity to escape tax.
Trade war: stiglitz accuses billionaires
“Characterized aggression”
Before this footing of Canada’s foot. the Independent Commission for the Reform of International Taxation of trade war: stiglitz accuses billionaires Societies (ICRICT), co -chaired by Joseph Stiglitz, had denounced a “characterized aggression” against the sovereignty of Ottawa, exhorting him to “hold on” against Donald Trump.
Questioned by Fox News before Canada announced the withdrawal of the measure. Donald Trump assured that “people do not understand how unpleasant it is to negotiate with Canada”, reiterating his will to see the country become 51e US state. The White House did not immediately react to this new deal.
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For the IRCICT. the American president’s decision to break the negotiations is an “attempted intimidation” and illustrates trade war: stiglitz accuses billionaires “a worrying escalation in the global struggle between democratic governance and the uncontrolled power of businesses”.
According to her. this is an “attack on the very principle according to which companies must contribute fairly”, in particular to “finance the infrastructure and the public services from which they benefit”.
Freeing himself from diplomatic protocols “serves a clear objective: to avoid the rich giants of technology paying their fair share of taxes in Canada. ” said the organization of Joseph Stiglitz, a fervent defender of the reform of international taxation.
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