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Cake day: July 2nd, 2023

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  • Again, what is the difference between a tariff and a tax? Tariffs don’t apply to domestic companies, while taxes do. EU controls tarrifs, but not taxes. This tax technically applies to all companies, domestic or foreign above certain revenue, although in reality, there are no domestic companies it would affect.

    So it is a tax, not a tariff by a technicality. It may even be the case that a court will strike this law down, saying they can’t pretend it is a tax when it is clearly meant to tax only foreign tech giants.