There has been some debate in Canada recently over the issue of sales taxes when making purchases on the Internet from abroad. Right now, when Canadians buy products and services, such as clothes or movie streaming subscriptions, from online vendors located abroad, it is the consumers who are responsible for declaring sales taxes.
The European and American competition authorities recently announced that they were investigating Google's Android operating system for smartphones. They accuse Google of abusing its dominant position to harm its competitors. These announcements are surprising given the dynamism of competition in the cellphone market.
Monday was the first day of the Republican Convention where Donald Trump will be confirmed as the party's nominee for November's presidential election. On Thursday, when he delivers his keynote speech, he will likely repeat his tirade against free trade agreements, which has become his trademark.
The fact that Walmart would be able to stop accepting Visa, historically one of the largest operators of credit cards, speaks mountains about the alleged market power of credit-card companies: It is simply not that big. You have significant market power when you are unavoidable, not when one party in the exchange simply wishes your prices would be lower.
When it comes to climate change, Bailey doesn't think we're doomed. He does think that the balance of the scientific evidence indicates that man-made global warming likely poses a significant problem for humanity, but he believes that human ingenuity can most likely solve that problem well before the end of the century.
Access to the Internet and its economic ecosystem increases productivity in virtually all sectors of the economy. Not only does it provide small and medium enterprises with access to the global marketplace, it also gives them access to the back office, shipping, tracking logistics, and other support capabilities that were once restricted to large corporations.