Value added tax

  1. Business Matters: Accounting Explains How Spotify's Business Model Can Succeed

    October 05, 2012 6:15 PM EDT A website that posts the financials of privately held companies has revived the debate about the sustainability about Spotify's business model. This is a debate worth having, but a tweak to Spotify's income statement may lead to a more i ...

  2. Warner Music Group Reports Mixed Quarterly Financials

    August 09, 2012 9:15 AM EDT UPDATED: The music major, owned by Len Blavatnik, posted lower revenue, but its loss narrowed, and digital revenue in the recorded music unit offset physical declines. Business Matters: Looking Forward to Live Nation and Warner Music Group's ...

  3. 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 ...

  4. Business Matters: Simfy Launches Facebook Music Player Before Spotify Does

    June 01, 2011 7:45 PM EDT Simfy Launches Facebook Music Player Before Spotify Does --With relatively little fanfare, German music streaming service Simfy has launched a music player for Facebook. This comes just a week after news broke that Spotify is working on some kind ...

  5. Business Matters: Warner Bidder Looking For New Way to Sell CDs/DVDs

    April 19, 2011 8:10 PM EDT Warner Bidder Looking For New Way to Sell CDs and DVDs -- Private equity firm Gores Group's Alec Gores said he would like to merge Alliance Entertainment Corp. with a Hollywood studio. "There are some great assets and great opportunities ...

  6. 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' ...

  7. 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 ...

  8. Free Record Shop Hails Sales Tax Cut Campaign

    June 29, 2010 12:00 AM EDT Free Record Shop in Belgium said that its one-day price drop, intended to mirror a cut in sales tax from 21% to 6%, increased CD sales significantly. Free Record Shop reported a boost in CDs sold of 37 % in units, accounting for a raise in turnove ...

  9. 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 ...

  10. Business Matters: New York Times, MXP4, News Corp., Martina McBride and More

    April 22, 2010 12:00 AM EDT -- The New York Times Co., owners of The New York Times and Boston Globe , posted a profit in Q1 2010. The company posted a profit of $12.8 million on revenue of $588 million. National advertising improved. Online revenues grew 15.5% to $90.4 mill ...

  11. 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 ...

  12. Simon Cowell Backs U.K. Anti-Piracy Plan

    February 23, 2010 12:00 AM EST Simon Cowell is among the signatories on a letter to parliamentarians urging them to vote in favor of the U.K. government's Digital Economy Bill. Cowell rarely gets involved in such public policy matters, though he has sought government suppo ...

  13. @MIDEM: Impala Unveils Financial Action Plan For Biz

    January 26, 2010 12:00 AM EST Brussels-based pan-European independent labels body Impala has launched a radical 10-point financial action plan for the music industry. "This is a call for action to national governments, the EC and the music industry," Helen Smith, exe ...

  14. 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 ...

  15. U.K. Retailers Warn Of Labels' Conservatism

    December 31, 2009 12:00 AM EST U.K. entertainment retailers fear that conservatism among music, film and games companies means their products face losing the interest of the British public. That's the core point of a New Year message issued to the entertainment industry to ...

  16. Reality Of 'Price Discovery' Hitting Publishers

    March 05, 2009 12:00 AM EST With the credit crunch and a difficult economy, those involved in the buying and selling of music copyrights are in a period of “price discovery,” peermusic CFO Bill Gorjance said at the Billboard Music & Money Symposium, held today at the St. ...

  17. Zavvi Web Site Revived

    March 03, 2009 12:00 AM EST The joint administrator of U.K. entertainment retailer Zavvi, which ceased trading at its remaining stores on Feb. 20, has sold the Internet rights for the Zavvi name to an online retailer based in Guernsey in the Channel Islands. The Zavvi e-tail ...

  18. 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 ...

  19. N.Y. May Tax iTunes Downloads, Pay TV

    December 17, 2008 12:00 AM EST Faced with one of the bleakest financial pictures in memory, New York Gov. David Paterson on Tuesday released a $121 billion proposed budget that would hit the entertainment industry and consumers in the pocketbook. The budget would tax digital do ...

  20. 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 ...

  21. 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 ...

  22. 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 & ...

  23. EU's McCreevy Calls For Forum On Copyright Levy

    May 28, 2008 12:00 AM EDT A forum should be set up to resolve a long-running spat over levies on recording equipment to compensate performers for lost royalties, EU Internal Market Commissioner Charlie McCreevy said on Tuesday. Big electronics companies such as Philips, No ...

  24. France Taxes Multi-Media Cell Phones

    April 07, 2008 12:00 AM EDT Music-enabled mobile phones will be taxed in France starting May 1 under the private copying regime. Mobile phones featuring audio and/or video functionalities with a memory of more than 128 MB, will be hit with the tax. Government officials repor ...

  25. French Radio Stations Threaten Action Over Fee Rise

    October 17, 2007 12:00 AM EDT The fee privately-held French radios stations pay to the recording industry will be significantly raised from Jan. 1, 2008, a government-lead commission ruled on Oct. 15. Since 1993, the rate was set at 4.25% of radio stations' broadcast inco ...

  26. 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 ...

  27. 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 music industry has long lobbied the European Union for a cut in VAT on music-related goods ...

  28. 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 ...

  29. 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 ...

  30. NARM News: Warning From Top Research Firm

    August 04, 2006 12:00 AM EDT Physical goods buisness, kiosks and more. Retailers must look to a mix of new product innovations and more aggressive consumer marketing strategies to counteract a slumping physical goods business, according to a new study from research firm NPD. ...

  31. 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 ...

  32. Lobby Group Cites HMV Over Guernsey Plans

    July 26, 2005 12:00 AM EDT A British business lobby group has called on the national Treasury to intervene over the plans of retailer HMV's plans to shift its Internet fulfilment facilities to Guernsey, a recognized tax-haven. LONDON -- A British business lobby group h ...

  33. Lobby Group Cites HMV Over Guernsey Plans

    July 22, 2005 12:00 AM EDT A British business lobby group has called on the national Treasury to intervene over HMV's plans to shift its Internet fulfilment facilities to Guernsey, a recognized tax-haven. A British business lobby group has called on the national Treasu ...

  34. Lobby Group Cites HMV Over Guernsey Plans

    July 22, 2005 12:00 AM EDT A British business lobby group has called on the national Treasury to intervene over HMV's plans to shift its Internet fulfilment facilities to Guernsey, a recognized tax-haven. A British business lobby group has called on the national Treasu ...

  35. Report: Online Biz Models Need Rethink

    June 13, 2005 12:00 AM EDT Governments and businesses have yet to adapt to the growth in online music, a leading think-tank warned today (June 13). Governments and businesses have yet to adapt to the growth in online music, a leading think-tank warned today (June 13). The P ...

  36. IFPI To Hold Meeting With French Officials

    May 18, 2005 12:00 AM EDT International trade body IFPI will try to gain the support of the French government on the issue of the extension of copyright duration for recorded music in Europe during a meeting today (May 18) in International trade body IFPI will try to gain ...

  37. Behind the Deal: "Soft Money" Film Financing

    November 09, 2004 12:00 AM EST French producer Philippe Carcassone, whose 40-plus feature films include "L'Homme Du Train" and "Read My Lips," was among the presenters at a film-financing seminar presented by the Entertainment Prac French producer Phili ...

  38. 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 ...

  39. 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 ...