LL is committing fraud with recent VAT move

LL is committing fraud and discrimination.

Read the full scoop:
http://blog.sl-investors-bank.com/2007/09/29/ll-introduced-vat-commits-fraud/

My bet is that LL did not pay any VAT for prior periods -- or if they did, they paid a lump sum estimate to the tax authorities out of their own pocket. Your claim that they have been collecting and remitting VAT all along is not substantiated.

And this is not discrimination. Blame your government for taxing the pants off everything in sight -- that's the culprit here, not LL.

I assume you think so because of their Policy of Not Collecting the Vat from people who have a vat number attached to their Account.

It's only an illegal act if LL does NOT Pay the vat tax out of it's own pocket on your behalf.
In Canada, We have a similar tax, The GST (Goods and Services Tax, Not yet applied to On line services based outside of Canada) Many businesses In Canada Have sales, (Or simply as a matter of Smart Business) where they do Not Collect the GST from it's Customers, or patrons. In all of these cases it's legal If the company pays the tax it's self out of it's own pocket on Each Transaction.

I Have Not been a Citizen of France since i was 19, so i really don't Know what the tax Situation is in the EU now, But i Imagine LL Has done it's Homework on what would and would not be legal under their new tax structure. You May not Like them doing it on Moral, or Ethical grounds, But when Push comes to shove with the Tax system of any Country, Morals and Ethics Take a distant Second Place to Law.

Angel.

I can only sigh

I love armchair lawyers. Before you start crying foul you might want to have all the facts and a better understanding of the laws as they apply to international transactions. Most time you will find that if an entity outside of the taxing jurisdiction does not collect and remit the taxes, and in most cases even if they do collect and don't remit the taxes, the person purchasing the goods or services is ultimately responsible for those taxes being paid. And just because in your taxing jurisdiction the tax must be included in the listed price does not mean that holds true in other places. The laws of the EU do not equal the laws of the US.

That article is teh funneh.

Blogger fails to check his facts, commits LIBEL!

It must be true. I read it on the internetz.

.

Yes indeed, and from a SL "Bank you can trust" - HA!

LOLCAT!

Isn't that the same feline that outed Lassie?

LASSIE WAS GAY?

OMFG!

Another piece of childhood irretrievably lost.

Lassie was a drag queen.

What's that Lassie? Timmy is down the well with Billy?

Apparently I'm synchronized forum posting with Raymond right now.

http://www.sluniverse.com/php/vb/showthread.php?t=632&page=11

I really can't figure out how all of you do it. Between SL itself and the forum I can hardly keep up. I cant imagine being in 2 forums or more. Tried it with secondcitizen and was just too much to deal with.

I can understand that. I tend to use forums more when I'm working (as in RL work which I sometimes bring home) and unable to login to SL for too long. I frequently disappear from this place for days or weeks before reemerging. My presence here is somewhat erratic. No sign of me for days or weeks, then suddenly I'm everywhere. =D

That would be Ginko

OMG, the Bank you can trust.... and read the bankers description of himself and his qualifications.

http://blog.sl-investors-bank.com/2007/09/29/who-is-tyrian-camilo-in-a-nutshell/

A classic example of why you should not "bank" in SL.

LMAO. What wonderful reading!

In a nutshell: I know absolutely nothing about banking, but trust me with your money while I learn.

LMAO. What wonderful reading!

In a nutshell: I know absolutely nothing about banking, but trust me with your money while I learn.

Bradley Bracken:

"In a nutshell: I know absolutely nothing about banking, but trust me with your money while I learn."


i know nothing about banking either.. if i did, and could have used that skill, i would have realised, that as soon as SL started operating from Brighton, i would be liable to pay VAT.

So would a lot of folks in the EU, many of them with RL banking and legal skills.

Assumptions, and being wise after the event, isnt any solution to pre ignorance is it?

We should not have assumed VAT was being taken care of..we should not be complaining now about having burnt fingers..

What is sad for me, is that SL is becoming dictated by "Money,the root of all evil", perhaps..

If anything, being part of SL enforces "Once bitten twice shy"....

Where are you going to bite next SL? i should switch on the radar i think.. and look harder.

Please forgive me for this question if it sounds a bit daft but............In the UK we can have on line casinos and gaming yet we are not allowed to have it in SL because of the American laws? Yet we still have to pay VAT @ 17.5% because thats the law in europe? Now it seems to me that LL are applying rules and laws when it and where suits em.

I'm posting because it would have been nice to have been made aware of these changes some time before hand instead of it being just lumped on with no warning. I'm now taking my tier donantion out of group and paying someone out of the EU to donate the extra tier!

In short I'm pretty confussed about the reason why we have just suddenly had this tax applied now instead of from the outset?

We can't have gambling because its illegal for US credit card companies to deal with gambling sites. It is not illegal for there to be gambling in SL, it's just illegal for US citizens to give LL any money if there is gambling here.

VAT has only now been applied because LL has recently opened an office in the UK, although my reading of the law is that they should have been collecting VAT since 2004.

Is VAT a law in Europe or not?

If you paid for webhosting in Europe would you all have to pay it?


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If the answers are yes - then all this garbage about fraud is just complaining about procedural problems.

If your tax makes you 15% more expensive for LL then your LL dealings going to cost 15% more its pretty simple.

Sure LL did it wrong, and yes LL are rotten about how they did it. And okay maybe they do have to pay the first 30 days after the announcement, their lawyers will figure that out.

But the rest? Thats just sour grapes.

I highly doubt the authorities are going to come after LL for making a decision to PAY taxes.