Submission + - EU new VAT regulation ends up helping Amazon (theguardian.com)
Taco Cowboy writes: Last year the EU passed a new legislation which was supposed to punish entities such as Amazon (which has its EU base in Belgium and thus not paying appropriate taxes in other EU countries) but ironically the same legislation which comes into effect 1st Jan of this year ends up helping Amazon
Microbusinsses (small shops dotted around the EU countries) simply couldn't cope with the complication of having to comply with each and every kind of VAT regulation in each and every EU country (plus local version of VATs)
Most of the microbusinesses may end up shutting their digital businesses, and those who hang on, opted to sell their wares on sites such as E-Bay or Amazon — the very entities the new EU regulation tried to punish
Microbusinsses (small shops dotted around the EU countries) simply couldn't cope with the complication of having to comply with each and every kind of VAT regulation in each and every EU country (plus local version of VATs)
Most of the microbusinesses may end up shutting their digital businesses, and those who hang on, opted to sell their wares on sites such as E-Bay or Amazon — the very entities the new EU regulation tried to punish