Quote:
Originally posted by Kimmykim
Sorry wonton, I think you are the one with outdated information. It's my understanding from more than one source that Visa International put the brakes on cross border acquiring just like Visa USA did.
Someone posted some supposedly confidential corresponsdence from Visa Intl to their accounts in the last month or so that supported this angle to boot.
From my perspective on things, I'd be willing to bet that Visa Int'l puts a stop to cross border acquiring, ESPECIALLY for US companies that tried to beat the 750 fee etc, very soon now...
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Hey Kimmy, I'd like to f/up on what you said
Me thinks (based on some heavy hitting legal advice, together with my own chats with Visa) that if you have an EU company with a nominee Director, your EU processing shall be fine..
That said, Visa in their infinite wisdom could change the rules any dammed time they like, so watch this space
Cross border issues are all about tax.... tax and more fucking tax
My concern is more for the fact that the EU is currently working on how to best tax internet transactions. I also seem to remember that the US senate is also debating (now or soon) the possibility of taxing internet transactions as well
The first hurdle to taxing us guys, is to corner is into one clearly defind operational zone
There you have it - cross border acquisition = control of webmasters by both Visa and the governments = taxation and stricter controls on what we can and cannot do
Hugs
Daniel