Earlier this year, we noted that France was considering a plan to tax Google to pay record labels. It looks like the UK has come up with a similarly bad plan for the newspaper industry, with a commission suggesting a tax on Google and other news aggregators, to help prop up newspapers. There doesn’t seem to be much greater rationale, other than that old news publications are struggling and Google seems to be doing great, so why not tax them? The argument, of course, makes little sense. It’s basically saying let’s put a tax on the successful and give that money to the companies squandering it. Talk about a way to give the exact wrong message to companies, while making the economy that much more inefficient.
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