From: "James J. O'Donnell" <[log in to unmask]>
Date: Fri, 2 Dec 2011 19:28:01 -0800
The New York Times reports: European E-Book Sales Hampered by Tax Structure --
http://www.nytimes.com/2011/12/02/technology/eu-e-book-sales-hampered-by-tax-structure.html
As the peculiarity of state and local sales taxes gives a loophole in
the US, the default Value Added Tax of up to 25% catches a new product
in Europe (while print books benefit from an old exemption and thus a
discounted tax rate, a rate indeed at zero in Britain). France
threatens to break ranks, the EU huffs, etc. A very lucid article.
Jim O'Donnell
Georgetown U.
