Afternoon Coffee: How the Tax Bill Could Shrink the Trade Deficit, France Files Complaint Against Amazon

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The Republican tax plan faces its final votes in Congress Tuesday, and should it pass the plan may have broader economic effects than simply reducing taxes on businesses. As the Wall Street Journal reports, the bill could also shrink the trade deficit by “curbing the incentive for multinational companies to artificially shift profits abroad.”

France Takes on Amazon

France’s economic minister has filed a complaint against Amazon alleging the company abuses its suppliers with one-sided contract clauses, according to Engadget. The government is seeking a record €10 million fine, saying the platform “imposes an unbalanced relationship on its sellers ... [that may] push them into bankruptcy.”

BC Hydro Selects SAP Ariba

The British Columbia Hydro and Power Authority has begun an initiative to transform its accounts payable processes in partnership with SAP Ariba, according to a press release. The company said a key element of its decision was to fully align sourcing, procurement and accounts payable, rather than addressing process inefficiencies with point-based solutions.

“Accounts payable isn’t a discreet process that can be performed in a vacuum,” said Drew Hofler, Senior Director, financial supply chain solutions marketing, SAP Ariba. “Innovative organizations like BC Hydro recognize that to deliver real value, it must be executed in an efficient digital way that is simple and connected. And in embracing integrated solutions that enable them to do this, they are truly changing the game.”

Scallop Bumper

And finally, an agricultural update: Scallop season in northern France is off to a remarkable start this year, Reuters reports. The haul is expected to be four times larger than in the average in the past decade.

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