Whereas it's obviously great news for the businesses who've screwed up overseas, I can't help but think it's putting the cart before the horse. In my layman's reading, it makes the assumption that all trade should be subject to the same tax rules, er, but we don't have the same tax laws in europe, so why should ventures in different countries be treated the same? Unless, of course, all their costs were offset against UK VAT laws, in which case call be a rambling old fool.
I'm also less than chuffed about how much this is going to cost the treasury, already stuck in a 'black hole'.
In other news, THIS has just been overturned: http://www.menzies.co.uk/news_room/business+news/111
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Date: 2005-12-16 03:38 pm (UTC)I'm also less than chuffed about how much this is going to cost the treasury, already stuck in a 'black hole'.
In other news, THIS has just been overturned: http://www.menzies.co.uk/news_room/business+news/111