AOL's UK tax break to end...next year?!!?
March 19, 2002 1:23 PM Subscribe
AOL's UK tax break to end...next year?!!? To those that hath, shall be given.
For some years now, the worlds largest online service (now part of the worlds largest media co.) has been allowed a $30m./year exemption from Value Added (sales & services) Tax - VAT. This has been blamed on European Union legislation by Customs & Excise, who await the Brussels behemoths decision - as we all do - with baited breath.
Is it just a case of sour grapes by their rivals, especially Freeserve, now owned by one of Europe's largest media companies - Wanadoo - or was there a real distinction between ISP and Content Provider?
Surely, there must be a defence for this - 'Devil's Advocate', anyone?
From TheRegister.co.uk
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