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FTEU - How about you?

Discussion in 'Business & Tax Advice' started by timothywcrane, Dec 29, 2014.

  1. timothywcrane

    timothywcrane Power Member

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    Occupation:
    Internet Promotion Management
    Location:
    USA
    Home Page:
    First it was a state by state tax grab (USA) eating into everyone's ability to do business with Amazon (or changing legal location), now it seems that thee entire EU has taken its own stance on tax grabbing. I moved from California, To Missouri, And now even Minnesota (Amazon tax grabbing locking me out in each one in succession). I just decided to avoid Amazon altogether now (which turned out to be a good thing, with all of my focus going into my own product line now). But now the EU is looking to grab taxes based on BOTH THE BUYER AND SELLER locations. I am currently working on a virtual education product that even though has a high profit margin, can not bear the extra taxes, or even more costly, a total redo of my platform to take into consideration all of the 28 tax jurisdictions in the EU (not including the very vague location determination scheme they are imposing on the business owner - 3 test rules etc...).

    I have decided to no longer even allow EU IPs to take my course. I lose 1/2 percent of clients, but it would cost me 3% clients worth of profits to conform with setting up to deal with them. Not worth it at the moment.

    Anyone else giving up on the EU market at this time? I know some of you are EU based making it kind of impossible.
     
  2. kypso

    kypso Junior Member

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    The solution for the moment is not to offer digital products to EU based clients and customers.