The foreign tech megacorps are going to lash back at this G7 tax proposal https://www.rnz.co.nz/news/world/444134/rich-nations-back-deal-to-tax-multinationals by dividing and conquering, and they've got just the tool to do it: secret ISDS claims which are part of the CPTPPA that NZ and a bunch of other silly countries ratified. Will be interesting to see - although, of course, the suits brought will be secret.
We'll just see the results - lots of countries will back down and the actual taxation will be minimal. And there'll be a raft of new "regulation" that only the biggest megacorps will be able to afford to comply with, effectively creating new barriers to entry for smaller would-be competitors, leaving the Frightful Five free to exploit us all even more than they already are.
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