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.
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham