Quote:
Originally Posted by TheDA
Exactly.
here it is again from the Various perspective 
"Various neglected to collect taxes in the EU. The company says:
After our acquisition of Various, we became aware that Various and its subsidiaries had not collected VAT from subscribers in the European Union nor had Various remitted VAT to the tax jurisdictions requiring it. We have since registered with the tax authorities of the applicable jurisdictions and have begun collecting VAT from our subscribers in the European Union and remitting it as required. We have initiated discussions with most tax authorities in the European Union jurisdictions to attempt to resolve liabilities related to Various' past failure to collect and remit VAT, and have now resolved such prior liabilities in several jurisdictions on favorable terms, but there can be no assurance that we will resolve or reach a favorable resolution in every jurisdiction. If we are unable to reach a favorable resolution with a jurisdiction, the terms of such resolution could adversely affect our financial condition or results of operations." |
thank you, i was going to quote that too cause no one mentioned that so far. and it's a serious issue that i would say 99% of all others here do not care about either.
but if anyone wants to do some math: VAT is about 20% in most european countries
lets say 30% of their subscribers are from europe - thats about 50 million $ per year, 20% are 10 million $ they should have paid. now go back 5 years and you have 50 million $ in tax debts