Quote:
Originally Posted by MaDalton
thank you, i was going to quote that too cause no one mentioned that so far. and it's a serious issue that i would say 99% of all others here do not care about either.
but if anyone wants to do some math: VAT is about 20% in most european countries
lets say 30% of their subscribers are from europe - thats about 50 million $ per year, 20% are 10 million $ they should have paid. now go back 5 years and you have 50 million $ in tax debts
|
Bet they are not the only ones
Im not sure it would only go back 5 years, thats a matter for debate for people much more informed than me.
As far as I can tell, it would go back as far as that country where they were "evading tax" states, because the law in that country has always stated they need to pay the VAT.
So that could be a long way back, limited maybe to the record laws of VAT, which in the UK would be 7 years back tax, not sure how long it would be in other EU countries.
A LOT of webmasters and US based countries are in for a big shock.
__________________
hosted flv's, hosted galleries, morphing rss feeds, free content, free sites, hosted blog