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French Senate Reduces Tax On eBooks

First Posted: 11/23/10 01:34 PM ET Updated: 05/25/11 07:15 PM ET

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thebookseller.com:

The French Senate has adopted an amendment to the 2011 draft budget to reduce VAT on e-books from 19.6% to the reduced rate of 5.5% that applies to print.

The rate would cover only unenriched digital versions of print books to avoid competition being distorted in a market that "is strongly affected by fiscal dumping in certain members of the European Union," the upper house of parliament said in a statement.

Read the whole story: thebookseller.com

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The French Senate has adopted an amendment to the 2011 draft budget to reduce VAT on e-books from 19.6% to the reduced rate of 5.5% that applies to print. The rate would cover only unenriched digital...
The French Senate has adopted an amendment to the 2011 draft budget to reduce VAT on e-books from 19.6% to the reduced rate of 5.5% that applies to print. The rate would cover only unenriched digital...
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