Public economics

  1. UK Abolishes Reviled Tax Loophole Undercutting CD, DVD Sales

    November 10, 2011 4:24 PM EST A controversial sales tax loophole that enabled mail-order retailers based in the Channel Islands to sell reduced cost music product to U.K. consumers is to be abolished by the British Treasury. The islands, located near the northern coast of Fran ...

  2. Spanish Authorities Demand Digital Levy Refund

    November 12, 2010 12:00 AM EST The Catalan regional government and several other local administrations in Spain have demanded collecting society SGAE return taxes paid since 1987 on purchased devices that can be used to record protected cultural content. The European Union' ...

  3. EMI Wins Promo Sales Tax Case

    September 30, 2010 12:00 AM EDT EMI has won a six-year legal battle on VAT (sales tax) charged on promotional CDs in the U.K. Other music companies should lodge a claim with tax officials for refunds on any overpayments, according to tax accountants. The European Court of Justic ...

  4. SGAE's Copying Levy Income Outstrips Record Sales

    May 20, 2010 12:00 AM EDT During a miserable year for Spanish sales, for the first time ever Spanish authors body SGAE collected more money from a home-copying levy on consumer electronics/blank media than it did in mechanical royalties from records. The collecting society ...

  5. Court Approves German Private Copying Levy

    May 05, 2010 12:00 AM EDT Munich's Court of Appeal has reversed the injunction it had previously imposed on the German Central Organisation for Private Recording Rights (ZPÜ) regarding the introduction of a private copying levy on computers. The original ruling on Feb ...

  6. Business Matters: Hole, Britain’s Digital Economy Bill and more

    April 07, 2010 12:00 AM EDT -- Hole has a new album coming up and is taking the increasingly popular route of the multi-tiered release. At the band’s web store it is offering three packages. The cheapest is $54.99 for the CD, vinyl LP and cassette USB with album and unreleas ...

  7. French Indies Body Calls For Digital Tax Credits

    October 09, 2009 12:00 AM EDT French independent labels trade body UPFI has called for the government to introduce a tax credit scheme for consumers buying cultural digital products online. Under this scheme, users would be able to offset part of their purchases, for an amount ...

  8. Sacem Mechanical Revenues Down 15.9 Per Cent

    June 23, 2009 12:00 AM EDT French authors' and publishers' collecting society Sacem has revealed a 15.9% decline in income from CD and DVD mechanical rights to €100 million ($139.9 million). While its headline results had already been unveiled in January, Sacem ha ...

  9. HMV Passes On Sales Tax Cut

    November 25, 2008 12:00 AM EST U.K market leading entertainment retailer HMV has pledged to pass on the new 15% rate of VAT sales tax, which the British government announced in its pre-budget report. The VAT (Value Added Tax) rate will be cut from 17.5% to 15% from Dec. 1 for a ...

  10. Spanish Legal Revolt Against Digital Tax

    August 08, 2008 12:00 AM EDT Madrid's High Court is set to turn its attention to Spain's music biz this fall as several groups prepare appeals against a digital tax on all new gadgets capable of recording, copying or storing digital sound and images. The so-called & ...

  11. Sacem Posts Collections Decline

    June 29, 2007 12:00 AM EDT French authors rights society Sacem has reported collections of 755.9 million euros ($1.02 billion) in the financial year ending Dec. 31, 2006, a decrease of 0.2% on 2005. "This is the first time since 1992 that collected revenue decreases fr ...

  12. EU Extend Rules On Download VAT

    November 28, 2006 12:00 AM EST The European Union finance ministers today (Nov. 28) extended rules for charging value-added-tax on digital downloads until the end of 2008. The rules require sellers to collect the tax on goods delivered via the Internet to individual consumers. ...

  13. EU Extend Rules On Download VAT

    November 28, 2006 12:00 AM EST The European Union finance ministers today (Nov. 28) extended rules for charging value-added-tax on digital downloads until the end of 2008. The European Union finance ministers today (Nov. 28) extended rules for charging value-added-tax on digita ...

  14. EC Makes Case For Extension On Digital VAT Rules

    November 24, 2006 12:00 AM EST The European Commission has called for a two-year extension for the European Union's value-added-tax rules on digital downloads and broadcasting, when they expire at the end of this year. The rules are contained in the EU's 2002's e ...

  15. EC Makes Case For Extension On Digital VAT Rules

    November 24, 2006 12:00 AM EST The European Commission has called for a two-year extension for the European Union's value-added-tax rules on digital downloads and broadcasting, when they expire at the end of this year. The European Commission has called for a two-year exte ...

  16. EC Extends VAT Period On Electronic Services

    May 17, 2006 12:00 AM EDT Value-Added-Tax rules on radio, television and Internet broadcasting in the European Union will be extended for a further two and a half years until the end of 2008, under European Commission plans un Value-Added-Tax rules on radio, television and ...

  17. France Introduces Tax Credits Scheme

    January 24, 2006 12:00 AM EST The French government is planning to introduce tax credit schemes that will benefit record labels. The system would allow labels to offset part of their recording costs through a tax deduction. It is The French government is planning to introduce ...

  18. Arizona Governor OKs Tax Credits

    October 11, 2005 12:00 AM EDT Arizona is the latest state to have film incentives after Gov. Janet Napolitano signed a bill Sept. 30 giving tax credits to the film industry, specifically to companies that film and hire in Arizona. (The Hollywood Reporter) -- Arizona is the lat ...

  19. Canadian 'iPod Tax' To Be Refunded

    August 09, 2005 12:00 AM EDT $4 million collected to date from customers. Apple Computer said it will refund the so-called "iPod tax" Canadian customers paid since 2003. Canadian courts ruled the tax illegal last year but customers there continued to pay the tax as ...

  20. Amazon.com Net Income Dips In Q2

    July 27, 2005 12:00 AM EDT Company hit with more taxes due to profitability. Amazon.com released its quarterly earnings report July 26 which revealed a jump in sales, but a dip in net income from the same period the previous year, primarily due to taxes. For most of the com ...

  21. Borders Online Must Pay Cal. Use Tax

    June 07, 2005 12:00 AM EDT A California Court of Appeal held May 31 that Borders Online must pay a use tax to the State Board of Equalization for online sales to California customers. NEW YORK -- A California Court of Appeal held May 31 that Borders Online must pay a use ta ...

  22. EU Ignores CD VAT Issue

    May 17, 2005 12:00 AM EDT Calls by the music industry for a cut in value-added-tax rates on CDs were ignored May 12 by European Union government representatives gathering in Brussels. BRUSSELS -- Calls by the music industry for a cut in value-added-tax rates on CDs were ig ...

  23. EU Overlooks CD VAT Issue

    May 12, 2005 12:00 AM EDT As expected, calls by the music industry for a cut in value-added-tax rates on CDs were ignored today (May 12) by European Union government representatives gathering in Brussels. As expected, calls by the music industry for a cut in value-added-ta ...

  24. EU Overlooks CD VAT Issue

    May 12, 2005 12:00 AM EDT As expected, calls by the music industry for a cut in value-added-tax rates on CDs were ignored today (May 12) by European Union government representatives gathering in Brussels. As expected, calls by the music industry for a cut in value-added-ta ...

  25. EU VAT Debate To Overlook CD Issue

    May 11, 2005 12:00 AM EDT European Union government representatives will be denied the chance to debate lowering value-added-tax on CDs when they meet tomorrow (May 12) to discuss a new compromise on general VAT rates. European Union government representatives will be deni ...

  26. Canada Shifts On Tax Credits

    April 05, 2005 12:00 AM EDT Canada's tax department said March 31 that it will deny about CAN$140 million ($114.7 million) in deductions claimed by a popular tax shelter for investments in U.S. movies shot here in 2001. TORONTO (The Hollywood Reporter) -- Canada's ...

  27. Record Biz Poised For Major Tax Relief

    October 13, 2004 12:00 AM EDT New bill could save labels $400M in annual taxes. The record industry stands to reap the benefits of the end-of-session corporate tax-cut bill that was passed by Congress on Monday (Oct. 11). Under the legislation, "The American Jobs Creation ...

  28. BMI Reports Record Revenue, Royalties

    August 17, 2004 12:00 AM EDT Fiscal 2004 revenues rose 6.8% from 2003. Fiscal 2004 revenues rose 6.8% from 2003. News ...

  29. Danish TV Group Owes Money To EC

    May 24, 2004 12:00 AM EDT The European Commission last Wednesday ordered Danish public television broadcaster TV2 to repay $101.4 million, plus interest, in government subsidies. BRUSSELS--The European Commission last Wednesday ordered Danish public television broadcaster ...

  30. Spain Supports Lower VAT Rate On Music

    April 30, 2004 12:00 AM EDT Spain has pledged to reduce its value added tax (VAT) on record music to 4% from 16%, new culture minister Carmen Calvo said during a media gathering Friday in Madrid. Spain has pledged to reduce its value added tax (VAT) on record music to 4% fro ...

  31. Hot Talent

    April 16, 2004 12:00 AM EDT The bottom line has grown up. The record-buying public has undergone a shift toward adult music fans, with baby boomers getting back into the picture and forcing the market to adjust to their tastes. The bottom line has grown up. The record-buying ...

  32. German Move Renews Hope For VAT Cut On Music

    February 19, 2004 12:00 AM EST The music industry's long-running campaign for a lower value-added tax (VAT) rate on recorded music could benefit from a deal made Feb. 18 between France and Germany. The music industry's long-running campaign for a lower value-added tax ...