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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Tommaso who wrote (51164)6/21/2004 3:41:39 PM
From: smolejv@gmx.net   of 74559
 
...plus (experience with German tax law), if you think you can avoid VAT on services etc: either you risk not showing any income - ie tax evasion in plain words. Or you end up being double-taxed: VAT plus the income tax, means (let's say 16% VAT and pretty average 26% income tax) every third euro for the tax man.But of course there's some beauty to this beast: every third euro after tax-deductible costs. And you can always pass the VAT up the food chain. Which in case of intellectual services is pretty short, if not altogether nonexistent.
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