Among the reasons provided for this decision were as follows I have somewhat summarised. If there is any doubt, please contact us as it is often one of the most ambiguous areas of VAT.
What is the strategic and economic rationale for its acquisition of Olsten? We are working with leading partners to streamline our processes and upgrade our customer-facing and back office IT. Adecco SA, one of the worlds prominent staffing companies, was looking forward to acquire the staffing of Olsten Corporation.
We are the largest player in the industry by revenues, with the highest profitability amongst our major competitors. On that basis, Adecco claimed that VAT is not payable on the totality of the sums that it receives from clients which in large part represent payment for the temps' servicesbut only on the element attributable to the introduction and ancillary services that it supplies itself.
Olstens US rivals i.