Wayne Keiths gasifier plans Europe

[madflower69 (Sean Omalley)]

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2015 Digital VAT Tax

Those of you across the pond may be aware of the new VAT tax law, going into effect January 1st. Essentially, any digital commerce websites selling to EU countries will have to pay tax based on the customer’s location, and therefore be registered to every single EU country, for tax purposes. Drive On Wood falls under this category, and we don’t see a lot of business from this area. To avoid legal headaches, paperwork and expense, we’re just going to pull out of the market. As of Jan 1, 2015 we…