Quote:
Originally Posted by BearMountainBooks
The way it works for us, though, is that if we sell through Kobo or Amazon, we are taxed if they sell that much. I know Amazon pays the taxes for sure (they are one that says: set the price to this and this much of it is tax. It is shown for each country). I assume the same is true of Kobo--if I sell via kobo, the company total is the one to worry about, not my earnings. Smashwords sent out notices long ago about taxes and we have to choose whether we want the tax on TOP of the price we set or absorbed. They don't allow different choices for different companies. (Which is fine with me--makes it much easier to decide. Some countries have very high taxes on ebooks--20 percent or more).
It's also difficult because some companies require that we end all prices to all countries in .99. Then there are exchange rates to keep track of and fees for exchanges. As a business, all of that has to be kept in mind when setting prices.
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Correct.
Tax collection laws apply to the vendor of record not the supplier.
So indies are immediately impacted, from the first (unit of currency), as we saw with the EU VAT-grab.