-Caveat Lector-

[What a splendid way to help out U.S. Internet firms that are already
having financial troubles. --Declan]

*******
Background:
http://www.politechbot.com/p-00965.html
http://www.politechbot.com/p-01225.html
*******

http://quote.bloomberg.com/fgcgi.cgi?mnu=news&ptitle=Technology%20UK&tp=ad_uknews&T=news_storypage99.ht&ad=uktechnology&s=AOuBwwxXORVUgQ2xv

04/20 18:24
EU Close to Taxing Digital Products Downloaded From Internet
By James G. Neuger

Malmoe, Sweden, April 20 (Bloomberg) -- European Union governments are
close to imposing a tax on music and software downloaded on the
Internet from outside Europe by EU citizens, EU Financial Services
Commissioner Frits Bolkestein said.

The proposal, which could spark a clash with the U.S., would set a
value-added tax on all ``digital'' products sold to EU
customers. Currently EU businesses levy that tax, while their non-
European rivals are exempt.

The 15 governments are working on a compromise to share the tax
revenues, so that ``we are nearing an agreement,'' Bolkestein said at
a meeting of EU finance ministers. ``It may take another couple of
months.''


********

EU to turn US e-tailers into Euro tax gatherers
Apr. 21, 2001 12:35 ET
http://www.theregister.co.uk/content/23/18430.html

********



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