BRUSSELS — France and Luxembourg lost their battle to apply reduced VAT rates to ebooks on Thursday when a top European court agreed with EU regulators that only paper books qualified for lower taxes.
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Monthly Archives: April 2015
By Newsroom Featured April 08, 2015 16:46 The Association of Big Commercial Networks in Romania (AMRCR) assures consumers that the government’s recent measure to cut VAT on foodstuffs from 24 percent to 9 percent will be fully reflected in shelf prices. According to a press release, AMRCR also hopes that the…
08/04/2015 The Green Party has adopted a policy of cutting VAT on housing repairs and renovations, which is something construction lobbyists have been advocating for several years. A construction industry coalition led by the Federation of Master Builders (FMB) has been calling for the VAT rate on repairs and renovations…
By Charlotte Henry 7 April 2015 5:05am Close to a fifth of VAT contributions that go into the European Union (EU) budget comes from UK taxpayers. This is the second highest of any EU member, according to new research by Business for Britain. The lobby group, which wants the UK…
A surge in Chinese investments in the European Union in the first quarter suggests the trend will likely enjoy strong growth this year after an already large increase in 2014. There were 11 announced Chinese deals in the EU totalling US$9.6 billion during the first quarter, an increase of 31.2…