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"It only strangles big industry" Actually it helps the big industry as the small business owner are struggling. For example the VAT MOSS rule. Amazon, Google or
by tobltobs 11y ago
"It only strangles big industry"
Actually it helps the big industry as the small business owner are struggling.
For example the VAT MOSS rule. Amazon, Google or Apple will not have any problem to fulfill this law. A small company selling software to EU customer will not be able to handle the bureaucratic effort.
- oh_sigh 11y agoWill cheap services pop up which help small companies fulfill MOSS requirements while not being an onerous burden?
- MichaelGG 11y agoNot in EU; don't know anything. What stops people from simply contracting or incorporating in another country like, say, Panama or something, and billing from there? Then VAT would be out of scope wouldn't it?
- techdragon 11y agoThat's not how the law is meant to work. The law is supposed to "force" overseas companies to collect VAT on behalf of customers inside the EU. So even in Panama your opinions are "sorry you're in the EU I can't sell to you" or you're supposed to collect the VAT. At present I don't believe they have tried to enforce it through any court yet. So I'm unsure how that would play out.