“Britain and Germany may have missed out on a combined $1 billion in sales tax since online marketplace eBay picked a tiny Luxembourg office s its base for EU sales, a shift that lawmakers say should now be investigated. EBay, which is headquartered in San Jose, California, moved into Europe in 1999 when it established eBay International in Berne. Switzerland’s low income tax regime for foreign companies was highly beneficial for the auction site. The Swiss base also meant, initially, that the company didn’t have to charge EU customers VAT. But in 2003, Brussels changed the rules.”
http://www.reuters.com/article/2012/11/30/net-us-ebay-tax-europe-idUSBRE8AT0S720121130
(Visited 27 times, 1 visits today)
Related posts:
Repo Market Decline Raises Alarm as New Regulations Strain Debt
MI6 and CIA were told before invasion that Iraq had no active WMD, claims new documentary
Lawyer for Assange detained at Heathrow and told she was on a 'secret watch list'
Syria hails U.S.-Russia chemical weapons deal as a ‘victory’ that averts war
Bolivian man claims to have lived for 123 years thanks to quinoa and coca leaves
Neuroscientists discover how to implant false memories in the brain
Woman with thalidomide-related birth defects wins multi-million dollar settlement from drug companie...
Gold Declines Trigger Brief Trading Halt
The Best U.S. Metros for Recent College Grads Looking for Work
Bitcoins Buy a $500,000 Villa in Bali
Portugal warns EU-IMF troika to back off on austerity demands
Bitcoin paradise
Venezuela students protesting economy shot dead by gunmen
Uber ruling may reverberate through Silicon Valley
Apple Pay won't bite into bitcoin: Winklevoss