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LIBLICENSE <[log in to unmask]>
Wed, 29 Oct 2014 19:34:43 -0400
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From: Ann Shumelda Okerson <[log in to unmask]>
Date: Wed, 29 Oct 2014 08:59:45 -0400

This sounds complicated and messy.  Makes US tax rates seem
straightforward?  Or is it just that I'm used to our ways?

http://www.thebookseller.com/news/e-book-prices-may-rise-vat-law-kicks

"Publishers and retailers will aim to prevent e-book prices from
soaring when a new European-wide VAT law on digital products is
introduced on 1st January.

"Following a European Commission ruling dating back to 2008, e-books
and other digital services—including broadcasting and
telecommunications—will be taxed in the European member state in which
the consumer is located, as opposed to the country from which the
product is sold.

"The move prevents Amazon, Nook and Kobo from applying a low 3% tax on
e-books sold to European countries, because their headquarters are in
Luxembourg. Instead, the e-book retailers will have to apply the
standard UK VAT rate (20%) to e-books sold into the UK....."

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