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The European Union, Norway, and Israel plan to remove tax breaks for low-value goods. They'll require offshore sellers and online marketplaces to collect and report the appropriate value-added tax from buyers.
“It’s a disgustingly clever crime,” said consumer expert Clark Howard. It’s a scam that makes little sense at first glance, but it more complex than it looks.
Last November, Nike, announced it was leaving Amazon. Is it beginning of the biggest disruption in retail since Amazon’s inception?