Quote:
Originally Posted by Barry-xlovecam
Truth is, unless you business has some physical presence in the EU this law means nothing to small businesses (under $100 Million/yr) in the USA 
As a corporation domiciled in the EU -- what it means to me is that I must raise my prices 17%-28% to my customers or pay the VAT bill out of my profits -- the amount involved is millions of euros a year -- more than you will earn in several(many) lifetimes. I have also seen the value of the Euro decline 17% to 28% -- interesting-- now why did that work out that way? |
Do what you want, I am not here or in anywhere to enforce this. I just told how it goes (legally). No need to tell your life story or whatever that is.
About the euro's decline, it is because of ECB's quantitative easing. Similar to what FED has done.