Tuesday, May 07, 2002

u.s. to meet value added taxes
The European Union has passed a law adding a new net tax to be imposed upon US sellers of digitally delivered products such as games, ebooks, subscription-based and pay-per-view radio and television, when these things are consumed by members of the 15 nation block. The law will go into effect in July of 2003. European sellers of such goods and services are already paying the value added taxes (VAT) on sales within the EU. The US government is taking this issue to the World Trade Organization.

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