UK Labour Party proposes plan to tax big tech jedis
2019-11-17 at 10:19 PM UTC
Britain's Labour party threatened billions of dollars in new taxes on large tech companies to fund the nationalization and expansion of the country's internet infrastructure if it wins the forthcoming general election.https://www.businessinsider.com/labour-proposes-25bn-tax-tech-giants-fund-free-internet-2019-11?r=US&IR=T
The party floated plans Thursday night to spend a total of £20 billion (around $25 billion) to buy up most of the UK's existing internet infrastructure, which it pledged to then massively expand.
It named Amazon, Facebook, and Google as companies it wants to hit with new taxes to help pay for the scheme.
2019-11-17 at 11:25 PM UTCI was all for it until I read this
Labour said it would reform the system to tax large tech companies on their global profits rather than those registered in the UK.
lol wut, how do you justify or enforce that