07/28/19

Tech, Taxes, Tariffs, Trade — And French Wine

France has imposed/threatened a “digital services tax” on the likes of Amazon, Apple, Facebook, and Google — all American companies.

The tax is 3% of gross revenues from digital services earned in France, but only for companies with more than 25MM Euros in French revenue and 750MM Euros in worldwide gross revenue. The tax money goes to France.

When you work through the math it puts a bullseye on Amazon, Apple, Facebook, and Google while giving a pass to many European companies who collectively are just as big as these digital behemoths. This is not an accident.

This tax was discussed for some time period, but its enactment caught a lot of folks by surprise. One who was not caught by surprise was President Donald J Trump.

President Trump had spoken to the French President Emmanuel Macron cautioning him that such a tax would be met with an American response.

Image result for images macron

President Trump, in his inimitable fashion said, “Don’t do it because if you do it, I’m going to tax your wine.” Macron blew him off. French wine is a huge industry.

The French Finance Minister, Bruno Le Maire, sniffing at the ruffian DJ Trump, suggested that taxes and tariffs were completely unrelated. Good luck with that, Bruno.

Taxes and tariffs are core elements of trade while technology, digital services are a critical element of American commerce.

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04/21/17

The Tax Code

The Tax Code, Big Red? Really? Come on, can’t you come up with something better than The Tax Code?

Big Red Car here getting over the Easter holiday. Yes, I know, a little slow on the uptake. Tell me about it. Too much chocolate, I think.

So, the Trump administration is going to tackle the Tax Code, y’all. [The House Republicans did such a crackerjack job on Obamacare, no? Haha. Maybe they get it together next week. We’ll see. Clowns.]

So how did we get into this mess, you ask? [I know you didn’t actually ask, play along. Please.]

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06/8/13

Size Matters

Big Red Car here.  Nice cooooooooooooooool night but WTF about this humidity?  Almost 80% — that’s like freakin’ Houston.  Houston, we’ve got a problem!  Haha, Big Red Car, you are starting early today.  Cut the crap, Big Red Car and get on with today’s story.

So the house sitter runs the snot out of the Big Red Car last night but almost forgets to fill me up with gas — petrol to you Brits.  The kid forgets to gas me up.  The Boss is going to hear about this, you can bet on it.  I limp into the gas station and finally get filled up after the kid finally finds my gas tank behind the license plate.  Where do they get these kids from?

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01/26/13

“Whip Out” — a technical finance term for entrepreneurs

Big Red Car here.  Wanted to go out for coffee with The Boss but he had something on his mind and made pancakes and bacon at home instead.  That always puts The Boss in a good mood but only on Saturdays.

So he took a phone call this morning and got talking about “whip out”.

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