Buyers need to be savvy about online taxes

When a major retailer raises its fees by 20%, it also raises eyebrows.

That’s exactly what online retailer eBay is proposing to do, with reports that its charges are to shoot up, ultimately hitting customer pockets hard.

What’s going on? Tax, that’s what. Tax systems work well when business is transacted within the borders of a country. Income tax, corporation tax, and Vat work best where a business and its customers reside in the same country.