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Of course, this should be only scatching the surface. This entire article is an over-simplification for this very complex subject. You’ll have definitely need professional advice to assist you bitcoin through E-Commerce Taxland.
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The rationale behind this follows: Since countries can’t collect sales tax on Internet transactions at their borders, the best way they can collect it (other than a self-assessment system) is the online sales tax. Further, it is claimed that businesses in the european countries suffer a significant competitive disadvantage because should be collect Value added tax (VAT) but others should never.
