Brussels, BELGIUM — France’s Senate today approved a national tax, which will require major tech companies to pay a 3% tax on their turnover in France applied retroactively from the start of the year. The justification for the tax is that so-called digital companies pay less tax than traditional firms, a claim that several studies…
While many countries around the world look to grow their digital economy, it is worth noting that the digital economy is becoming the economy. Most traditional industries now rely on software or the internet to do everything from developing products to collaborating with colleagues to reaching customers. So regulations aimed at tech companies or the internet will have a broad impact.
Encouraging innovation should be a paramount policy goal in all policy domains, not just those that are traditionally linked to it, such as the funding of basic research, patents, and technology transfer.
To this end, CCIA supports patent reform that serves the long-terms of the digital economy, especially small innovators that lack the resources to participate aggressively in patent litigation. CCIA also supports copyright law that does not subordinate innovation to the demands of content owners. Similarly, telecom regulation should enable infrastructure to serve as a platform for independent innovators that do not have to depend on permission from common access providers.