Taxation

  1. Spain Entertainment Industry Protests Heavy Tax on Concerts, Theater

    July 17, 2014 10:43 AM EDT Spain's entertainment industry has demanded the government reduce the 21 percent value-added tax on entertainment tickets, claiming that the measure introduced almost two years ago has slashed attendance and triggered business closures and jo ...

  2. New York Governor Proposes Tax on Digital Goods

    November 15, 2013 12:55 PM EST New York Governor Andrew Cuomo has proposed a tax on digital goods like music files and subscription services such as Spotify, ebooks, and video-on-demand services like Netflix. The proposal is part of a report from the New York State Tax Reform ...

  3. Bono Defends U2 Offshore Tax Arrangements

    September 23, 2013 12:48 PM EDT Bono in a British newspaper interview has defended U2’s financial arrangements, saying the band's decision to keep a portion of its wealth offshore in the Dutch Antilles was in line with the Irish government's tax philosophy. The Guard ...

  4. Warner Music Group Spent Less, Revenue Remained Flat in Holiday Quarter

    February 09, 2012 12:54 PM EST The holidays were good to Warner Music Group. Key releases by Michael Buble, Nickelback and the Black Keys helped Warner post flat revenue of $779 million in the fourth quarter of 2011 and first of the company's fiscal year. Operating earning ...

  5. Warner Music Group's Latest Quarter Aims to Justify its $3.3 Billion Price Tag

    May 10, 2011 12:39 PM EDT Warner Music Group posted relatively upbeat results for its second fiscal quarter on Tuesday, less than a week after the company agreed to be acquired by Access Industries for $3.3 billion . The results were a glimpse into the reasons why Access w ...

  6. ole Prez Hits Out At Canada's Bill C-32

    November 30, 2010 12:00 AM EST The president of ole, Canada's largest independent music publisher with more than 40,000 songs and 35,000 hours of television music, has criticized the current proposed legislation to modernize the nation's Copyright Act. In a statement, ...

  7. 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 ...

  8. German Collection Societies Agree USB Levy

    April 21, 2010 12:00 AM EDT The German collection societies united in the ZPÜ (Central Organization for Private Copying Rights) have reached an agreement with the Federal Association for Information Technology, Telecommunications and New Media (BITKOM) on the levy for USB-st ...

  9. Charlie Angus Set To Propose Canadian MP3 Player Levy

    March 12, 2010 12:00 AM EST Music industry sources say Canadian Member of Parliament Charlie Angus, the NDP's digital issues critic, is preparing to enter a private member's bill next week proposing the country's private copying levy should be extended to MP3 ...

  10. Court Challenge To German PC Levy

    February 23, 2010 12:00 AM EST The Regional Appeal Court in Munich has issued an injunction against the central organization for private recording rights, ZPÜ, in Munich to refrain from fixing and publishing a tariff for the remuneration for private copying for PCs. It follows ...

  11. Terra Firma Profits Drop

    January 21, 2010 12:00 AM EST EMI owners Terra Firma's profits dropped 43% in the year to March 2009. Profits fell to £1.87 million ($3 million), while turnover increased slightly from £47.2 million ($76.6 million) to £47.8 million ($77.5 million) According to the Financi ...

  12. Analysis: A Deeper Look at EMI’s Numbers

    November 23, 2009 12:00 AM EST During the ongoing Terra Firma-Citi saga, EMI has released a few numbers that show improvements in its divisions' operating performance. (See a chart of top-line performance here , via paidContent .) But, beyond the simple accounting measure ...

  13. 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 ...

  14. 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 ...

  15. French Producers Call For Increased Private Copying Tax

    January 15, 2009 12:00 AM EST French producers' collecting societies SPPF and SCPP (which includes the four majors) unveiled contrasted figures for 2008, both subject to later fine-tuning. SCPP income was down 4.8% to €58.3 million ($76.5 million). According to SCPP, the ...

  16. Canadian Copyright Board Raises Tax

    December 08, 2008 12:00 AM EST The Canadian Copyright Board has announced it will raise the tax on blank compact discs to 29¢ (US$0.23), a 38% increase. Previously the tariff on blank recordable CDs was 21¢ (US$0.1679). The tariff is collected on behalf of the Canadian Private ...

  17. 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 & ...

  18. Canadian Collective Won't Appeal MP3 Tariff Decision

    February 08, 2008 12:00 AM EST The Canadian Private Copying Collective (CPCC) says it will not appeal a recent Federal Court of Appeal decision that turned down an application to add a tariff to MP3 players. The levy of up to C$75 ($74) on MP3 players received approval from the ...

  19. Publishers May Appeal Block On 'iPod Tax'

    January 14, 2008 12:00 AM EST Collecting society the Canadian Private Copying Collective says it may appeal against a court ruling which has blocked its efforts to obtain compensation for music creators through extending Canada's private-copying levy to cover "digita ...

  20. CRIA Against Blank Media Levy

    September 18, 2007 12:00 AM EDT In an unexpected move, the Canadian Recording Industry Association (CRIA) has come out against a levy on blank media in a court filing, arguing the fees paid appear to allow for the justification of free downloading on peer-to-peer networks. CRIA, ...

  21. Canadian MP3 Tariff Fee To Be Reintroduced

    July 20, 2007 12:00 AM EDT The Canadian Private Copying Collective (CPCC) won a decision on July 19 from the Copyright Board of Canada to reintroduce a controversial tariff fee into the sale price of MP3 players in Canada. The CPCC, the Toronto-based non-profit collective o ...

  22. 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 ...

  23. Canadian Tariffs Drop

    May 14, 2007 12:00 AM EDT The Copyright Board of Canada May 11 revealed the Private Copying Tariffs for 2005, 2006 and 2007 that lessens interim tariffs for music rights holders. The figures were published in the federal government's Canada Gazette. The Canadian Priva ...

  24. Trade Groups Applaud Brussels' Copyright Levy Decision

    December 20, 2006 12:00 AM EST European authors, songwriters and artist groups have welcomed the decision by the European Commission to shelve its plans to reform the copyright levy system for consumer electronics. It comes after Commission President José Manuel Barroso said mo ...

  25. EC Shies Away From Copyright Levy Changes

    December 13, 2006 12:00 AM EST The European Commission is to shelve its plans to reform the copyright levy system for consumer electronics after concluding that the political fallout from such an initiative would be too high. Despite pledging to propose reforms before the end o ...

  26. EU Commissioner Calls For Copyright Levy Changes

    November 29, 2006 12:00 AM EST European Union internal market commissioner Charlie McCreevy confirmed Wednesday (Nov. 29) his plans to overhaul the system of copyright levies on consumer goods that currently compensate artists in Europe. The commissioner -- who is due next mont ...

  27. EU Commissioner Calls For Copyright Levy Changes

    November 29, 2006 12:00 AM EST European Union internal market commissioner Charlie McCreevy confirmed Wednesday (Nov. 29) his plans to overhaul the system of copyright levies on consumer goods that currently compensate artists in E European Union internal market commissioner Ch ...

  28. 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. ...

  29. 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 ...

  30. 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 ...

  31. EC To Shelve Copyright Levies

    October 31, 2006 12:00 AM EST Artists fear revenues will be stemmed. A European Commission document has called for the copyright levies imposed on consumer electronics in Europe to be reduced to a minimum, saying they are often redundant in today's technological environme ...

  32. 'Culture First' Launches To Protect Levies

    October 18, 2006 12:00 AM EDT Campaign put forth by authors, songwriters, artists. European authors, songwriters and artists launched a high profile campaign in Brussels Wednesday (Oct. 18) to protect copyright levies on consumer electronics. The “Culture First” campaign inclu ...

  33. EC Proposes Copyright Levies Cut

    September 13, 2006 12:00 AM EDT The European Commission today (Sept. 13) unveiled plans to set up a clear, efficient system on copyright levies, and to boost intellectual property rights. The European Commission today (Sept. 13) unveiled plans to set up a clear, efficient system ...

  34. EC Proposes Copyright Levies Cut

    September 13, 2006 12:00 AM EDT The European Commission today (Sept. 13) unveiled plans to set up a clear, efficient system on copyright levies, and to boost intellectual property rights. The European Commission today (Sept. 13) unveiled plans to set up a clear, efficient system ...

  35. Isley Sentenced To Three Years For Tax Evasion

    September 05, 2006 12:00 AM EDT Also ordered to pay $3.1 million in back taxes. Also ordered to pay $3.1 million in back taxes. News ...

  36. 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 ...

  37. Live Nation Q1 Revenues Jump $72 Million

    May 05, 2006 12:00 AM EDT Posts a 16% rise over first quarter 2005. Live Nation, the world’s largest concert promoter and live event producer, rang up $516.6 million in revenues for the first quarter of 2006, an increase of $72.1 million, or 16%, over Q1 2005. Operating in ...

  38. Toronto's Vortek Hit With CD-R Penalties

    March 09, 2006 12:00 AM EST The Federal Court of Canada in Toronto has handed down a substantial penalty on to a Montreal-based computers and software manufacturer that did not pay federally-mandated private copying levy. The Federal Court of Canada in Toronto has handed dow ...

  39. 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 ...

  40. Westwood One CEO Exits

    December 08, 2005 12:00 AM EST In an unexpected resignation, Shane Coppola is stepping down as Westwood One president/CEO, effective Thursday (Dec. 8). Coppola is also resigning as a director on the network's board but will continu In an unexpected resignation, Shane Coppo ...

  41. Saskatchewan Raises Film, TV Tax Credit

    November 08, 2005 12:00 AM EST The Canadian province of Saskatchewan on Nov. 3 said it was raising its refundable tax credit to as high as 55% for each film or TV project, foreign or domestic, shot locally. TORONTO (The Hollywood Reporter) -- The Canadian province of Saskatchew ...

  42. Belgian Consumer Group Loses Private-Copy Case

    September 16, 2005 12:00 AM EDT IFPI Belgium victorious in protecting copyright. Belgium's Court of Appeal has ruled that domestic law recognizes the concept of private copying as an exception, which does not override copyright protection. On Sept. 9, the Brussels-based app ...

  43. Behind the Deal: Canadian Levy On MP3 Players

    August 23, 2005 12:00 AM EDT The music industry's fight against peer-to-peer copyright infringers is gathering strength in courts around the world. Yet some tech-oriented lawyers and others who disagree with the labels' legal str The music industry's fight agai ...

  44. 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 ...

  45. CPCC Appeal Dismissed

    July 28, 2005 12:00 AM EDT Private copying levy upheld. The Canadian Supreme Court today (July 28) dismissed applications from the Canadian Private Copying Collective (CPCC) to hear an appeal of the December decision of the Federal Court of Appeal involving its private copy ...

  46. Sanctuary To Tighten Belt After H1 Hit

    June 28, 2005 12:00 AM EDT Sanctuary Group warned today (June 28) that the company's full-year earnings before interest, taxation, depreciation and amortisation would likely be "substantially less" than the previous year. Sanctuary Group warned today (June 28 ...

  47. Sanctuary To Tighten Belt After H1 Hit

    June 28, 2005 12:00 AM EDT Sanctuary Group warned today (June 28) that the company's full-year earnings before interest, taxation, depreciation and amortisation would likely be "substantially less" than the previous year. Sanctuary Group warned today (June 28 ...

  48. Toronto Court Orders Payment Of Copyright Levies

    June 07, 2005 12:00 AM EDT The Canadian Federal Court in Toronto on May 31 ordered Computer Warehouse Outlet to pay copyright levies on nearly 400,000 blank CD-Rs. TORONTO -- The Canadian Federal Court in Toronto on May 31 ordered Computer Warehouse Outlet to pay copyright ...

  49. Toronto Outlet Ordered To Pay Copyright Levies

    June 02, 2005 12:00 AM EDT Judgement follows a 2004 audit. The Canadian Federal Court in Toronto on May 31 ordered Computer Warehouse Outlet to pay copyright levies on nearly 400,000 blank CD-Rs. The judgment for CAN$83,664 ($67,038) against the Toronto-based outlet resulte ...

  50. 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 ...

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