Andreas Pouros, COO of Greenlight wrote today that France’s “Google tax” – Sounds like protectionism - and I agree.
Porous says "A report has been made public proposing that France begins taxing the likes of Google to subsidise its own creative industry. The authors of the report suggest that this new taxation could raise up to the equivalent of $28 million, which in the grand scheme of things isn’t much money at all.
The suggestion that the tax will help France subsidize music artists and book publishers doesn’t therefore sound like the sole objective here, given that this amount of money won’t make much of a difference if it’s spread so thinly across France’s creative community.
On this basis it feels like protectionism of the worst sort – instead of collaborating with successful, innovative companies, or creating an environment that promotes innovation domestically, France appears to want to give its own industries an unfair commercial advantage by taking money from non-French firms.
More on France's Google Tax and Pouros' comments.