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Europe Wrestles With Ebooks
Information Today - Medford
Subjects: ELECTRONIC MEDIA
Author: Charlton, John
Date: Jul/Aug 2017
Start Page: 13
Pages: 1
Section: INTERNATIONAL REPORT
Abstract (Document Summary)
Dubruille says that if the rule change comes into effect, the ebook market will be dominated by big international players that will focus on international best-sellers rather than Europe's "rich cultural literary heritage." VAT Rates Fluctuate Meanwhile, the Court of Justice of the EU recently ruled that ebooks are digital services and carry a higher value-added tax (VAT) rate than hard-copy books. VAT on ebooks has been a bone of EU contention for some time, with some member states, for example Luxembourg and France, charging far lower rates than others-until the court ruled that was out of order. [...]the EP's Committee on Economic and Monetary Affairs recently backed an EC proposal to allow member states to charge a reduced VAT rate on ebooks. West says his favorite failure is Kodak's demise after it couldn't capitalize on its digital camera technology He cites a Harvard Business Review explanation: "Kodak created a digital camera, invested in the technology, and even understood that photos would be shared online. Links to the Source European and International Booksellers Federation's joint press release (with the Federation of European Publishers) on geo-blocking bit.ly/2pigwxx Court of Justice of the European Union's press release on value-added tax rates curia.europa.eu/jcms/upload/docs/application/pdf/2017-03/cp170022en.pdf...
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