Rádio Universidade AM

Read the text below in order to answer questionEU Law Taxes 8236

Read the text below in order to answer questionEU Law Taxes Overseas Net Firms   

        They've survived the bursting of the tech bubble, a global

economic downturn and the occasional virus, but now overseas Internet

retailers may see their European profit push derailed by one of the

oldest drags on business: tax.            On July 1, a new EU

(European Union) directive goes into effect requiring all Internet firms

to account for value-added tax, or VAT, on "digital sales".   

        The law adds a 15 to 25 percent levy on select Internet

transactions such as software and music downloads, monthly subscriptions

to an Internet service provider and on any product purchased through an

online auction anywhere in the 15-member bloc of nations.   

        The VAT tax is nothing new for some Net firms. European dot-coms

have been charging customers VAT since their inception. Their overseas

rivals though have been exempt, making foreign firms an obvious choice

for the bargainhunting consumer.The author states that the VAT (value-added tax) has been

Questão no QuestionsOf: Read the text below in order to answer questionEU Law Taxes 8236

Questões similares