Quote:
Originally Posted by Barry-xlovecam
And the Euro has fallen to $1.15 and still sliding ... You cannot tax your way out of a recession.
What some bullshit "taxamo.com" website claims without citing any signed treaty is all bluff.
If the USA or any other substantial market retaliates with a 20% duty on all digital sales from the EU that will create a mess.
What the EU does on tax payments within the EU is their business.
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Without citing any treaty? Those were precisely named.
About the euro; euro's decreasing value is planned. Plans were announced not so long time ago, and that started the euro's declining value. Idea is to increase inflation in generally and to lower euro's value to give boost to export industry and tourism.
"Mr. Draghi appeared to endorse the euro's recent slide, noting "significant and increasing differences in the monetary policy cycles of major economies."
ECB Cuts Rates, Announces Stimulus to Combat Low Inflation - WSJ
European Central Bank rate cuts triggered drop in euro value: Americans should vacation there.