EU Announces Massive Overhaul To EU Digital VAT Rules
12/2/2016 4:07:00 PM
The European Commission on December 1 unveiled a series of measures to improve the value-added tax environment for e-commerce businesses in the EU. The proposals are intended to enable consumers and companies andndash; in particular start-ups and SMEs andndash; to buy and sell goods and services more easily online.
The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.