VAT to increase price of books in UK and EU, Back to the Future II’s vision of 2015, Public Domain Class of 2015
Of the eleven featured, eight will be entering the public domain in countries with a ‘life plus 70 years’ copyright term (e.g. most European Union members, Brazil, Israel, Nigeria, Russia, Turkey, etc.) and three in countries with a ‘life plus 50 years’ copyright term (e.g. Canada, New Zealand, and many countries in Asia and Africa). – See more at: http://publicdomainreview.org/collections/class-of-2015/#sthash.0u7oHM7c.dpuf –Public Domain Review
Any company that sells telecoms, broadcasting or digital services to customers in the EU must adhere to the new rules that form part of a drive to harmonise taxes across the continent and curb the benefits for large companies diverting sales through low-tax states.
The change will have a particularly profound effect on e-books, upon which VAT rates vary widely throughout Europe. Large suppliers such as Amazon and iTunes house their businesses in Luxembourg to benefit from a 3pc rate, while the UK charges 20pc. –Telegraph UK