Originally posted by Arturo Bassick
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The fact is the eu needs pension funds, investment funds etc, so it's easy to say that if you market these products in the eu then their transactions are taxable. Financial institutions aren't going to say 'oh **** it then, we'll only sell pensions in the us' because there will still be money in it even with the tax.
You have to admit it's odd that everyday items are subject to VAT yet an options contract isn't, and there is no reason why such contracts can't be taxed when 'imported' in the same way as consumer goods are.
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