Quote:
Originally Posted by mcramer
Given that there seems to be differing tax rates in different countries, even in those euro countries, doesn't that mean that the money that goes back to Bookeen differs from country to country?
Cost in Euros - tax = money to Bookeen.
Is this the case?
|
Not exactly, Bookeen will always have to charge french VAT to consumers.
i.e.: if they charge VAT they must charge the french rate.
But businesses or professionals from other EU countries will be able to buy Cybook directly without VAT as log as they provide a VAT ID number.
If ever Bookeen decides to expand operations and seeks local distribution in other EU countries then it could make a difference for local consumers and distributors, but not to bookeen.
Let me explain: Let's suppose bookeen's price for distributors is €250, the as log as distributors respected the MSRP, then yes, there could/would be a small -+3% profit difference among different distributors.
To sum it up, Bookeen doen't care, they would always get those €250, the only tax bookeen cares about is
the corporate income tax. 
God I hate tax law.
nah, just kidding
