--- title: "Meaning & Key Takeaway of: Undoubtedly Internet has reduced the…" description: "\"Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or B..." image: "https://sms4smile.com/quotes/i/3f9/milton-friedman-616_brazil_undoubtedly-internet-has-reduced-the-pos_1895956.png" --- # Undoubtedly Internet has reduced the possibilities of… ![“Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?” quote by Milton Friedman](https://sms4smile.com/quotes/i/3f9/milton-friedman-616_brazil_undoubtedly-internet-has-reduced-the-pos_1895956.png) [Download](https://sms4smile.com/quotes/i/3f9/milton-friedman-616_brazil_undoubtedly-internet-has-reduced-the-pos_1895956.png) [Open image](https://sms4smile.com/quotes/i/3f9/milton-friedman-616_brazil_undoubtedly-internet-has-reduced-the-pos_1895956.png) > “Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?” [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Tax competition across borders reduces government revenue and can erode national tax bases. **In simple terms:** Cross‑border shopping lowers taxes. Key Takeaway Consider fair tax policies. Themes taxation globalization fairness Mood critical analytical Type policy economic When to use this quote - e‑commerce - import regulation - consumer choice - government budgeting Key Concepts economic externalities tax competition policy design Questions to Reflect On - How can nations protect revenue without stifling trade? - What balance between fairness and competitiveness? A Different Perspective May increase tax evasion and enforcement costs. ★ ★ ★ ★ ★ No ratings yet [Brazil](https://sms4smile.com/quotes/about/brazil/) [Buy Company](https://sms4smile.com/quotes/about/buy-company-738797/) [Company](https://sms4smile.com/quotes/about/company/) [England](https://sms4smile.com/quotes/about/england/) [I can](https://sms4smile.com/quotes/about/i-can/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Internet](https://sms4smile.com/quotes/about/internet/) [Japan](https://sms4smile.com/quotes/about/japan/) [Lower Tax](https://sms4smile.com/quotes/about/lower-tax-476288/) [Possibilities Taxation](https://sms4smile.com/quotes/about/possibilities-taxation-2767718/) [Possibility](https://sms4smile.com/quotes/about/possibility/) [Should](https://sms4smile.com/quotes/about/should/) [Should i](https://sms4smile.com/quotes/about/should-i/) [Taxation](https://sms4smile.com/quotes/about/taxation/) [Taxation Buy](https://sms4smile.com/quotes/about/taxation-buy-2767717/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [“If you cannot create, then buy a company that can. In particular, the large corporations buy small, personnally owned companies that have made breakthroughs…](https://sms4smile.com/quotes/john-ralston-saul/if-you-cannot-create-then-buy-a-company-that-can-in-particular-the/) [John Ralston Saul](https://sms4smile.com/quotes/author/john-ralston-saul/) > [My goal is to buy a company at a low multiple to normal earnings power several years out and that the company earns good…](https://sms4smile.com/quotes/joel-greenblatt/my-goal-is-to-buy-a-company-at-a-low-multiple-to-normal-earnings/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [I mean, you don't get a chance to buy a company like Gateway, you know, at or near book value very often.](https://sms4smile.com/quotes/ted-waitt/i-mean-you-don-t-get-a-chance-to-buy-a-company-like-gateway-you-know/) [Ted Waitt](https://sms4smile.com/quotes/author/ted-waitt/) > [When you buy a company that's been on its butt you raise a lot of money, you instantly put new management in place, but…](https://sms4smile.com/quotes/phil-murphy/when-you-buy-a-company-that-s-been-on-its-butt-you-raise-a-lot-of/) [Phil Murphy](https://sms4smile.com/quotes/author/phil-murphy/) > [When buying shares, ask yourself, would you buy the whole company?](https://sms4smile.com/quotes/rene-rivkin/when-buying-shares-ask-yourself-would-you-buy-the-whole-company/) [Rene Rivkin](https://sms4smile.com/quotes/author/rene-rivkin/) > [“A short-cut to building mindspace is to buy the rights to a brand, or to buy a company that owns established brands. The value…](https://sms4smile.com/quotes/greg-thain/a-short-cut-to-building-mindspace-is-to-buy-the-rights-to-a-brand-or/) [Greg Thain](https://sms4smile.com/quotes/author/greg-thain/) > [I like to buy a company any fool can manage because eventually one will.](https://sms4smile.com/quotes/peter-lynch/i-like-to-buy-a-company-any-fool-can-manage-because-eventually-one/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Our mantra has been, 'We will not buy a company unless we think the people that make up the company have a better job…](https://sms4smile.com/quotes/tobias-lutke/our-mantra-has-been-we-will-not-buy-a-company-unless-we-think-the/) [Tobias Lutke](https://sms4smile.com/quotes/author/tobias-lutke/) > [Any fool can buy a company; just pay enough](https://sms4smile.com/quotes/henry-kravis/any-fool-can-buy-a-company-just-pay-enough/) [Henry Kravis](https://sms4smile.com/quotes/author/henry-kravis/) > [Any dope with a checkbook can buy a company. It's what you do afterward that matters.](https://sms4smile.com/quotes/henry-silverman/any-dope-with-a-checkbook-can-buy-a-company-it-s-what-you-do/) [Henry Silverman](https://sms4smile.com/quotes/author/henry-silverman/) > [But once you buy a company, you are married. You are married to that company.](https://sms4smile.com/quotes/henry-kravis/but-once-you-buy-a-company-you-are-married-you-are-married-to-that/) [Henry Kravis](https://sms4smile.com/quotes/author/henry-kravis/) > [To understand KKR, I always like to say, don't congratulate us when we buy a company. Any fool can buy a company. Congratulate us…](https://sms4smile.com/quotes/henry-kravis/to-understand-kkr-i-always-like-to-say-don-t-congratulate-us-when-we/) [Henry Kravis](https://sms4smile.com/quotes/author/henry-kravis/) > [Look, don't congratulate us when we buy a company, congratulate us when we sell it. Because any fool can overpay and buy a company,…](https://sms4smile.com/quotes/henry-kravis/look-don-t-congratulate-us-when-we-buy-a-company-congratulate-us-when/) [Henry Kravis](https://sms4smile.com/quotes/author/henry-kravis/) > [Buy into a company because you want to own it, not because you want the stock to go up.](https://sms4smile.com/quotes/warren-buffett/buy-into-a-company-because-you-want-to-own-it-not-because-you-want/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Inflation is the one form of taxation that can be imposed without legislation.](https://sms4smile.com/quotes/milton-friedman/inflation-is-the-one-form-of-taxation-that-can-be-imposed-without/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## More by Milton Friedman > [The government solution to a problem is usually as bad as the problem.](https://sms4smile.com/quotes/milton-friedman/the-government-solution-to-a-problem-is-usually-as-bad-as-the-problem/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a different point…](https://sms4smile.com/quotes/milton-friedman/i-believe-the-role-that-people-like-myself-have-played-in-the/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [To really understand something you've got to reduce it to its principles.](https://sms4smile.com/quotes/milton-friedman/to-really-understand-something-you-ve-got-to-reduce-it-to-its/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the…](https://sms4smile.com/quotes/milton-friedman/it-is-a-mark-of-how-far-we-have-gone-on-the-road-to-serfdom-that/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces…](https://sms4smile.com/quotes/milton-friedman/economic-freedom-is-an-essential-requisite-for-political-freedom-by/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [“The people in one district can choose not to reelect their member of Congress, but that will not change the composition of the government…](https://sms4smile.com/quotes/milton-friedman/the-people-in-one-district-can-choose-not-to-reelect-their-member-of/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought…](https://sms4smile.com/quotes/milton-friedman/when-you-have-a-time-of-crisis-what-happens-depends-on-what-ideas-are/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [The government doesn't have any money. The only power it has is to take from some and give to others.](https://sms4smile.com/quotes/milton-friedman/the-government-doesn-t-have-any-money-the-only-power-it-has-is-to/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?!](https://sms4smile.com/quotes/milton-friedman/what-would-the-people-who-sold-us-goods-do-with-the-money-they-d-get/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have…](https://sms4smile.com/quotes/milton-friedman/world-trade-depends-on-differences-among-countries-not-similarities/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run…](https://sms4smile.com/quotes/milton-friedman/is-there-some-society-you-know-of-that-doesn-t-run-on-greed-you-think/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on…](https://sms4smile.com/quotes/milton-friedman/well-first-of-all-tell-me-is-there-some-society-you-know-of-that/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior.](https://sms4smile.com/quotes/milton-friedman/i-think-almost-every-economist-would-agree-that-government-gets/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability.…](https://sms4smile.com/quotes/milton-friedman/it-is-most-attractive-about-the-us-to-people-and-countries-with/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Hong Kong is the bellwether. If the Chinese stick to their agreement to let Hong Kong go its own path, then China will also…](https://sms4smile.com/quotes/milton-friedman/hong-kong-is-the-bellwether-if-the-chinese-stick-to-their-agreement/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) [Explore all 444 Milton Friedman quotes ](https://sms4smile.com/quotes/author/milton-friedman/) ## More Brazil quotes > [“In American terms, the accomplishment of Genghis Khan might be understood if the United States, instead of being created by a group of educated…](https://sms4smile.com/quotes/jack-weatherford/in-american-terms-the-accomplishment-of-genghis-khan-might-be/) [Jack Weatherford](https://sms4smile.com/quotes/author/jack-weatherford/) > [I thought I would be an overnight star when I had a hit record in Brazil with my first album - but things didn't…](https://sms4smile.com/quotes/chris-de-burgh/i-thought-i-would-be-an-overnight-star-when-i-had-a-hit-record-in/) [Chris de Burgh](https://sms4smile.com/quotes/author/chris-de-burgh/) > [Yes, Brazil, like the whole world, stands to lose a lot in a climate-altered world. But it's also one of the major forces determining…](https://sms4smile.com/quotes/gisele-bundchen/yes-brazil-like-the-whole-world-stands-to-lose-a-lot-in-a-climate/) [Gisele Bundchen](https://sms4smile.com/quotes/author/gisele-bundchen/) > [“Não, a vida nunca foi só a vida, nela há sonhos e fantasias que fazem a realidade ser o que é...”](https://sms4smile.com/quotes/monteiro-lobato/n-o-a-vida-nunca-foi-s-a-vida-nela-h-sonhos-e-fantasias-que-fazem-a/) [Monteiro Lobato](https://sms4smile.com/quotes/author/monteiro-lobato/) > [Brazil is where I have to be, where I have my roots.](https://sms4smile.com/quotes/clarice-lispector/brazil-is-where-i-have-to-be-where-i-have-my-roots/) [Clarice Lispector](https://sms4smile.com/quotes/author/clarice-lispector/) > [ \[Brazil\] went to the UN and said, "We need new standards for this." We need to take a look at what they're calling "data… ](https://sms4smile.com/quotes/edward-snowden/brazil-went-to-the-un-and-said-we-need-new-standards-for-this-we-need/) [Edward Snowden](https://sms4smile.com/quotes/author/edward-snowden/) > [Brazil - they're so good it's like they are running round the pitch playing with themselves.](https://sms4smile.com/quotes/john-motson/brazil-they-re-so-good-it-s-like-they-are-running-round-the-pitch/) [John Motson](https://sms4smile.com/quotes/author/john-motson/) > [Playing alongside Messi is special for me. He's a player I always wanted to play with. I have played against him with Brazil, but…](https://sms4smile.com/quotes/paulinho/playing-alongside-messi-is-special-for-me-he-s-a-player-i-always/) [Paulinho](https://sms4smile.com/quotes/author/paulinho/) > [Look at me and tell me if I dont have Brazil in every curve of my body.](https://sms4smile.com/quotes/carmen-miranda/look-at-me-and-tell-me-if-i-dont-have-brazil-in-every-curve-of-my-body/) [Carmen Miranda](https://sms4smile.com/quotes/author/carmen-miranda/) > [For me it doesn't matter where, I just like to fight. If they put me in the States or in Brazil, for me it…](https://sms4smile.com/quotes/alex-pereira/for-me-it-doesn-t-matter-where-i-just-like-to-fight-if-they-put-me-in/) [Alex Pereira](https://sms4smile.com/quotes/author/alex-pereira/) > [I think the Brazilian people are very fond of Neymar for the fact that he stayed at Santos for so long and stayed in…](https://sms4smile.com/quotes/oscar/i-think-the-brazilian-people-are-very-fond-of-neymar-for-the-fact/) [Oscar](https://sms4smile.com/quotes/author/oscar/) > [I found out there is a production paradise in Brazil. I was able to make my second collection for less money but without sacrificing…](https://sms4smile.com/quotes/antonio-brown/i-found-out-there-is-a-production-paradise-in-brazil-i-was-able-to/) [Antonio Brown](https://sms4smile.com/quotes/author/antonio-brown/) > [I advise everyone with plans to visit Brazil for the Olympics in Rio - to stay home. You'll be putting your life at risk…](https://sms4smile.com/quotes/rivaldo/i-advise-everyone-with-plans-to-visit-brazil-for-the-olympics-in-rio/) [Rivaldo](https://sms4smile.com/quotes/author/rivaldo/) > [It's not easy to win a Cup. Brazil spent a long time, over 20 years, before winning it, so it's not easy. The Cup…](https://sms4smile.com/quotes/rivaldo/it-s-not-easy-to-win-a-cup-brazil-spent-a-long-time-over-20-years/) [Rivaldo](https://sms4smile.com/quotes/author/rivaldo/) > [Because we are a small country, unlike England, Italy, or Brazil, we don't have as many good players.](https://sms4smile.com/quotes/dimitar-berbatov/because-we-are-a-small-country-unlike-england-italy-or-brazil-we-don/) [Dimitar Berbatov](https://sms4smile.com/quotes/author/dimitar-berbatov/) [Browse all 643 Brazil quotes ](https://sms4smile.com/quotes/about/brazil/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?", "creator": { "@type": "Person", "name": "Milton Friedman" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/milton-friedman/undoubtedly-internet-has-reduced-the-possibilities-of-taxation-why/", "about": { "@type": "Thing", "name": "Brazil" }, "@id": "https://sms4smile.com/quotes/milton-friedman/undoubtedly-internet-has-reduced-the-possibilities-of-taxation-why/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/3f9/milton-friedman-616_brazil_undoubtedly-internet-has-reduced-the-pos_1895956.png", "contentUrl": "https://sms4smile.com/quotes/i/3f9/milton-friedman-616_brazil_undoubtedly-internet-has-reduced-the-pos_1895956.png", "url": "https://sms4smile.com/quotes/i/3f9/milton-friedman-616_brazil_undoubtedly-internet-has-reduced-the-pos_1895956.png", "width": 1080, "height": 1080, "caption": "“Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy…” — Milton Friedman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Milton Friedman", "item": "https://sms4smile.com/quotes/author/milton-friedman/" }, { "@type": "ListItem", "position": 4, "name": "Undoubtedly Internet has reduced the possibilities...", "item": "https://sms4smile.com/quotes/milton-friedman/undoubtedly-internet-has-reduced-the-possibilities-of-taxation-why/" } ], "@id": "https://sms4smile.com/quotes/milton-friedman/undoubtedly-internet-has-reduced-the-possibilities-of-taxation-why/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```