Link: New CFO at AOL Europe
The move will result in the ISP paying VAT in the UK for the first time, and is a coup for rival, Freeserve, after a long-running legal battle between the two internet giants.
Gordon Brown adopted new EU internet regulations which will come into play on 1 July. They stipulate that ISPs operating in Europe must abide by the tax laws in each European country.
A spokesperson for AOL said the company had chosen Luxembourg because of its low VAT rate, and because it already has an office there.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states