Value-Added Tax (VAT) and the U.S. Digital Business
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U.S. businesses that sell electronic products to overseas consumers via the Internet face increasing regulatory and financial exposure. As consumers worldwide shift their media consumption from the tangible to the digital, they are taking their books, movies, and music with them on one device, and leaving behind a tangle of tax implications -- particularly when it comes to VAT in European countries.
This point of view helps you understand the VAT implications for a U.S. business engaged in selling electronic games, books and other services to customers in European countries.
Companies that are proactive on this issue should be prepared to outmaneuver their competitors in a quickly changing marketplace.
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