Europe's Going the Wrong Way on Taxing Tech

The European Commission on Tuesday tentatively opened the door to a plan by 10 member states, including Germany, France, Italy and Spain, to hit multinational tech companies with a turnover tax to compensate for their avoidance schemes. A new proposal presented by European Commission Vice President Valdis Dombrovskis allows for such stop-gap measures while it works with members states on a better, more permanent solution. It's a mistake: A bad tax is a bad tax, temporary or permanent.