Tax reform

  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. 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 ...

  3. Sales Tax Hike In U.K. Emergency Budget

    June 22, 2010 12:00 AM EDT The U.K. music industry is to be hit with an increase in V.A.T. (value added tax) from 17.5% to 20%, as the new Conservative and Liberal Democrat coalition government begins to tackle the country's budget deficit. The general increase in the ...

  4. 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 ...

  5. President Sarkozy Backs French Digital Strategy

    January 08, 2010 12:00 AM EST France's mission to improve the growth of legal digital services for cultural works has hit the headlines, thanks to its proposal to tax advertising revenues from online giants such as Google to support the creative industries hit by the digi ...

  6. 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 ...

  7. The Year In Music & Touring: In With The New In Latin America

    December 22, 2008 12:00 AM EST From legislation to artist activism to mobile music, 2008 was a year of firsts: 1. Uruguay drops VAT: Uruguay became the first country in Latin America-and perhaps the world-to grant an exemption of value-added taxes from the sale of music CDs and ...

  8. 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 ...

  9. New Licensing Fees For French Public Radio

    September 22, 2008 12:00 AM EDT French public radio broadcasters are facing a raise in the license fees they pay for performance rights to labels and artists. The fees will be increased in some cases from Jan. 1, 2009, a government-led commission has ruled. Since 1987, the rate ...

  10. Impala, IFPI Welcome Italy's Music Tax Breaks

    January 05, 2007 12:00 AM EST The Italian government's newly adopted law providing tax breaks for small music companies has been welcomed by the music industry. Patrick Zelnik, president of independents' trade group Impala, said the legislation -- coming on the heels ...

  11. 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. ...

  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 European Union finance ministers today (Nov. 28) extended rules for charging value-added-tax on digita ...

  13. 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 ...

  14. Iceland Cuts VAT On CDs

    November 24, 2006 12:00 AM EST The Icelandic government has pledged to cut the rate of value-added-tax it levies on recorded music goods to 7% from 24.5%, with effect from March 2007. The Icelandic government has pledged to cut the rate of value-added-tax it levies on recorded ...

  15. Iceland Cuts VAT On CDs

    November 24, 2006 12:00 AM EST The Icelandic government has pledged to cut the rate of value-added-tax it levies on recorded music goods to 7% from 24.5%, with effect from March 2007. The Icelandic government has pledged to cut the rate of value-added-tax it levies on recorded ...

  16. 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 ...

  17. 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 ...

  18. 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 ...

  19. 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 ...

  20. 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 ...

  21. German Film Funds Near Shutdown

    May 10, 2005 12:00 AM EDT The German government's cabinet on May 4 approved a change in German tax law that would shut down the nation's film funds, the financing structure that pumps more than a $1 billion into U.S. productio COLOGNE, Germany (The Hollywood Repo ...

  22. French Industry Reacts To Minister's VAT Stance

    June 21, 2004 12:00 AM EDT Patrick Devedjian, the French minister for industry, has controversially suggested that the music industry’s ongoing fight to reduce VAT on CDs is a waste of time. Patrick Devedjian, the French minister for industry, has controversially suggested ...

  23. 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 ...

  24. 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 ...