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News Link • Business/ Commerce

Amazon Is Looking More and More Like a Nation-State

• By Edward Ongweso Jr

Most politicians don't understand how to confront Amazon's market power. The most recent example is in France, where last month a decision was made to levy a 3 percent tax on Big Tech firms with global revenues higher than €750 million (~$830 million) and French revenues exceeding €25 million.

Amazon responded by simply levying its own tax on French businesses and increasing seller fees by 3 percent. As countries across the European Union consider their own plans to tax Big Tech monopolies instead of breaking them up, it's hard to imagine why every company won't follow Amazon's example. The ability to levy taxes is typically reserved for states, but corporations have made it increasingly clear they're eager to challenge and usurp any nation-state's sovereignty.