FC: Europe will require U.S. firms to collect taxes on digital goods

From: Declan McCullagh (declanat_private)
Date: Mon Apr 23 2001 - 08:05:14 PDT

  • Next message: Declan McCullagh: "FC: Letter to the editor on E.U. tax on orders from U.S. firms"

    [What a splendid way to help out U.S. Internet firms that are already
    having financial troubles. --Declan]
    
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    Background:
    http://www.politechbot.com/p-00965.html
    http://www.politechbot.com/p-01225.html
    *******
    
    http://quote.bloomberg.com/fgcgi.cgi?mnu=news&ptitle=Technology%20UK&tp=ad_uknews&T=news_storypage99.ht&ad=uktechnology&s=AOuBwwxXORVUgQ2xv
    
    04/20 18:24
    EU Close to Taxing Digital Products Downloaded From Internet
    By James G. Neuger
    
    Malmoe, Sweden, April 20 (Bloomberg) -- European Union governments are
    close to imposing a tax on music and software downloaded on the
    Internet from outside Europe by EU citizens, EU Financial Services
    Commissioner Frits Bolkestein said.
    
    The proposal, which could spark a clash with the U.S., would set a
    value-added tax on all ``digital'' products sold to EU
    customers. Currently EU businesses levy that tax, while their non-
    European rivals are exempt.
    
    The 15 governments are working on a compromise to share the tax
    revenues, so that ``we are nearing an agreement,'' Bolkestein said at
    a meeting of EU finance ministers. ``It may take another couple of
    months.''
    
    
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    EU to turn US e-tailers into Euro tax gatherers 
    Apr. 21, 2001 12:35 ET 
    http://www.theregister.co.uk/content/23/18430.html
    
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