Consultant Insight: Simplifying cross-border transactions

The European Union’s value-added tax (VAT) process may get a little easier for cross-border e-commerce with a reform package that was introduced Dec 8. The EU defines VAT as “a consumption tax applied to nearly all goods and services bought and sold for use or consumption in the EU.” Member countries lost 93 billion euros ($98.4 billion) in VAT […]

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