Feeds

EC wants more ecommerce VAT

To stop US etailers eating more European babies

Gartner critical capabilities for enterprise endpoint backup

The European Commission has proposed extending the provisional ecommerce tax to give it more time to push through permanent legislation.

Agreed in 2003 on the proviso that it would be "revisited" again by the end of June this year, the rules controversially imposed VAT on firms selling into the EU, but exempted European firms selling outside EU borders.

Ecommerce VAT was applied to anyone selling services electronically over the internet, by subscription or pay-per-view television and radio. They also applied to firms selling within the EU.

Critics of the tax wanted a moratorium applied to electronic sales to promote a growing ecommerce industry. The EC argued this would discriminate against existing businesses that had worked hard and paid taxes for too many generations to mention.

To imagine how a moratorium would have panned out for good old fashioned shops and traders, consider what fortunes befell importing ecommerce upstarts under the old rules.

Before 2003, anyone selling into the EU electronically could avoid paying VAT. This on the one hand, was great news for anyone who wanted to buy cheap books and CDs. But it was bad news too, as many of the same consumers would later lament, because it encouraged the dominance of US behemoth's like Amazon and the decline of traditional indigenous retail businesses. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?