EU to impose new Internet tax

Thanks nexty again for this news (you trying to tell us something?) ;) lol

Non-EU suppliers will be forced to apply VAT to digitally delivered purchases by EU consumers, a move that puts the EU at loggerheads with the United States

European Union ministers have endorsed a law obliging non-EU suppliers to impose a higher tax on digital sales to European Union consumers to remove a competitive handicap for EU companies, EU officials have said.

The law, applying to online sales of software and computer games as well as some radio and television services, helps close a loophole that let Europeans avoid paying value added tax (VAT) on products and services bought from non-EU Internet sites.

But it is putting the EU at loggerheads with the United States, which has accused the EU of unilaterally trying to impose its own standards.

The rules, which had already been agreed by officials in a preparatory meeting, were simply rubber-stamped by the 15 finance ministers meeting in Brussels on Tuesday, EU sources said.

hmm, so thats how it works in Brussels then? Simply by getting out yer rubber stamp! - ED

News source: Read more @ ZDNet (UK)

Report a problem with article
Previous Story

Joystick firm sues Sony and Microsoft

Next Story

Product Use Rights change allows Microsoft snooping?

0 Comments - Add comment