No longer being able to skirt most EU tax liability also could have a significant effect on Google’s EU profitability long term.
If the Fed further destabilizes the economy, the dollar will probably further decline, as who will want to buy dollars to invest in a declining economy only continuously threatened with even higher tax and regulatory burdens?
Do Europeans really need reminding that then-candidate Barack Obama promised on the eve of his November 2008 election as U. S. President that the “fundamental transformation of America” was about to begin?
Since the EU is already pushing net neutrality regulation of broadband and set on banning mobile roaming charges in the EU, it would not be surprising for the EU to propose that the U.S. also adopt net neutrality and broadband pricing restrictions in order to “harmonize” the EU-U.S. communications market as part of the upcoming U.S.-EU Free Trade Agreement.
The EU blinked. It’s obvious the EU does not want a high-profile political confrontation with Google over a search monopoly abuse enforcement action. Last May, when the Competition authorities announced[...]
Ironically six of the original European colonial powers of yesteryear, the UK, Germany, France, Italy, Spain and the Netherlands, have aligned to resist the new virtual-colonial-power — Google’s hegemony over[...]