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If I read properly this is explicitely targeting UE, Canada, UK and other countries with high wages and R&D and software engineering capabilities.

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Yep, seems like this is an opaque tarrif.

Other countries should use this when retaliating.

If I'm understanding this correctly then this is about a tax disincentive, making it more expensive for US companies to poach R&D talent from other countries.

Not all countries will see that as a problem.

The current administration is making a huge fuss out of VAT in Europe.

Sadly, not to adopt such a sane taxation method....

That isn't really possible because American Constitution expressly prohibits it. There is no realistic possibility of modifying the Constitution to allow it either.

As far as the US Federal government is concerned it has little practical relevance.

As with many things in American society, we're going to have to trash the constitution to move forward.

No, lol! That would hamper the USs strongest asset: consumption!

which is likely being hampered anyways due to corporate greed in the financial sector - it is going to be interesting to see the actual breaking point for leveraged consumption

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