Quote:
Originally Posted by _Richard_
and considering the US/CA is a huge market for online sales, we're looking at 'tit for tat' legislation that should be coming very very quickly
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And that is EXACTLY what I meant.
I say 'retaliatory' you say tit-for-tat' = same thing.
If there comes a day that this is the case, then we businesses will have imposed upon us the burden of being the 'tax collector' for the 196 countries in the world today and their respective tax jurisdictions; 48 US states with tax jurisdictions, the ten provinces and 3 territories in Canada, and numerous other tax subdivisions. Who will pay for this accounting nightmare --who do you think? The cost will be passed along to all consumers.
Is that what you really want!
I declared a few thousands in TAXABLE business use and personal use (our sales tax laws differ here) online purchases on my state tax return -- the tax is 6%, no big deal. When governments set tax rates too high they are subject of evasion. A VAT rate of 17%-28% is greedy so many might evade its payment- that is understood.