Thread: EU gives Amazon a bloody nose
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Old 10-25-2012, 10:42 PM   #7
Kali Yuga
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Quote:
Originally Posted by fjtorres View Post
the fight is between Luxembourg (and France) and the Brusselcrats.
The issue drew attention because of Amazon's behavior -- much in the same way that they were not the sole beneficiaries of discrepancies in sales tax policies in the US, but still drew most of the attention in that matter.

Plus, Amazon is apparently contesting the ruling.


Quote:
Originally Posted by fjtorres
Second, because despite all the "Amazon" whining there are dozens of companies doing the same thing.
Sure. But how many of them are retailers who are forcing UK publishers to pay 20% VAT, when they're only kicking back 3%?


Quote:
Originally Posted by fjtorres
Third, because nothing has actually happened. There is not going to be any change for months or years.
Luxembourg apparently has 30 days to comply. Someone's pushing for an aggressive schedule.


Quote:
Originally Posted by fjtorres
Fourth, because even if it were to change it'll only change to 15% at most.
3% to 15% is a pretty good boost. The UK might drop their rate from 20% to 15%, but since the EU is also pushing France to increase their VAT, it sounds like 15% will be it.

Amazon got busted for exploiting a tax loophole, and pushing publishers to pay more VAT than they collect. The EU is now trying to close the loophole. So what's the "spin?"
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