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June 9, 2003
Europe imposes VAT on online sales
Here in the US, e-commerce transactions have largely been exempt from sales taxes. All sorts of dire predictions are made about what would happen if this distinction went away. Well, maybe now we'll find out. The European Union is imposing value-added tax, roughly analogou to our sales tax, on online services and transactions.
Posted by Kevin Werbach at June 9, 2003 10:43 AM
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