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UK Charity Faces £13M VAT Bill After ECJ Preliminary Ruling

By Eli Flesch ( June 25, 2020, 6:32 PM EDT) -- A U.K. charitable trust faces a £13 million ($16.1 million) value-added tax bill after an adviser to the European Union's highest court said Thursday that fees charities pay for investment management services outside the EU are subject to tax....

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