New European V.A.T Law

Rolo · 06-07-2003

AOL is setting up in Luxembourg
Freeserve UK is setting up in Maderia
Tele2 is setting up Maderia
etc.

Thats just some of them I have heard off... I would think that more will follow as soon as those who have moved start to lower their prices or give higher returns to their investors. The UK have VAT rate of 17.5%, but already now, some UK companies are moving... I do not think that national goverments will be happy, when they see the effect EU´s new VAT laws will make. I read that some Scandinavian countries and the UK are already talking about changing the new VAT rules.

Germany got 16% VAT, and Maderia got 13%... The more money you make, the more those 3% difference means to you...

06-07-2003	#33
Rolo Members Join Date: Dec 2002 Location: Six Feet Under Posts: 2,150	AOL is setting up in Luxembourg Freeserve UK is setting up in Maderia Tele2 is setting up Maderia etc. Thats just some of them I have heard off... I would think that more will follow as soon as those who have moved start to lower their prices or give higher returns to their investors. The UK have VAT rate of 17.5%, but already now, some UK companies are moving... I do not think that national goverments will be happy, when they see the effect EU´s new VAT laws will make. I read that some Scandinavian countries and the UK are already talking about changing the new VAT rules. Germany got 16% VAT, and Maderia got 13%... The more money you make, the more those 3% difference means to you... __________________ "Chaos is the law of nature, order is the dream of man." ~Henry B. Adams (Historian) 1838-1918