Word: vat
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...read angry letters to the editor, with all the vehemence the unseen correspondents would have wanted. He loved concocting wild physical bits, which got their fizz from the sight of this urbane, bespectacled, Brooks Brothers gentleman jammed into a pair of tights on a trapeze or dunked in a vat of Jell-O. "Can you imagine what people just tuning in now are thinking?" he liked to say when the chaos was at its height. That was the point...
...member states to become law.) Under the proposal, a firm selling more than $100,000 or so worth of software, games, prepaid television or music a year for electronic delivery in the E.U. would be obliged to register with one of the 15 member states' tax authorities and levy VAT on all European online sales. Because Luxembourg has the lowest VAT rate in the E.U.--15%, in contrast to as much as 25% in Sweden and Denmark--the Grand Duchy would be the obvious place for corporations to register their sales--and it would hence reap the tax revenues...
...directive aims to create that most subjective of trade goals, a level playing field. As matters stand, European companies operate at a disadvantage on the Web. E.U. regulations force them to charge VAT to their customers wherever they are located; non-E.U. firms do not force consumers to pay the tax anywhere. Brussels has been under pressure from member states and European content providers to correct that obvious flaw in the tax regime. (Revealingly, the commission did not propose adopting the non-European practices...
...term tax revenues that may result." Among other things, he said, the new law could result in a higher tax on books delivered online than those bought in a bookstore. Ken Wasch, president of Europe's Software & Information Industry Association, called the directive "simply unenforceable." Guido de Wit, a VAT tax expert with a Brussels law firm, notes that the commission intends to use credit-card billing addresses in chasing tax revenues. That, he observes, is likely to run afoul of credit-card companies that want no part in releasing information for tax purposes. Nor is it at all clear...
...easily slough it off? Not me. Two days after my throat starts itching--the classic first sign of an upper-respiratory infection--I'm too congested to think straight. All I want to do for the next five days is sink into a warm bed or drown in a vat of chicken soup. So I was intrigued early last week by reports of a nasal spray, called Zicam, that is supposed to keep a cold from lasting more than a day and a half. Even though the results sounded too good to be true, I thought they were worth...