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I had a scary thought...
This new regime involves as tacit agreement by the vendor that they are doing business in the EU, and are subject to EU tax laws.
What's to stop the EU (or any of the member countries) from passing a tax law that says that anyone doing business with EU customers have to pay a profit tax to that EU country. The profit tax doesn't even have to be proportional to the sales from that country. And of course, the write-off laws are different in every country.
Imagine a Delaware based US company having to file a tax return in Delaware, the US, and twenty different European countries.
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