EU council allows VAT-free status for ebooks and audiobooks
The European Union’s (EU) Economic and Financial Affairs Council (ECOFIN) has agreed to allow all EU member states to reduce the amounts of value-added tax (VAT) on ebooks and audiobooks,...
OECD releases plan to close international tax loopholes
The Organisation for Economic Cooperation and Development (OECD) has presented a plan to G20 nations to patch outdated tax laws, which can easily be exploited by global corporations to artificially...
Online sales bill passes US Senate
The US Senate has approved a bill to allow states to collect taxes from high-earning online retailers, reports Publishers Weekly. In a vote of 69 to 27, the senate approved...
Amazon tax petition attracts 150,000 supporters
In the UK, a petition by two independent UK booksellers to have Amazon pay more corporation tax has attracted more than 150,000 signatures, reports the Guardian. Frances and Keith Smith,...
UK booksellers petition for Amazon to pay more tax
In the UK, two booksellers are running a petition to have Amazon pay more corporation tax, reports the Bookseller. Frances and Keith Smith, who own two bookstores in Warwickshire, have collected close to 100,000...
ASA launches US tax advice service
The Australian Society of Authors (ASA) has launched a new service to offer its members advice about US tax issues. Similar to the ASA’s new contract negotiation advisory service, the...
Government gives ‘in principle’ support to lowering GST threshold but rules out immediate change
The Federal Government has released an interim response to the recommendations made by its Low Value Parcel Processing Taskforce earlier this year, giving ‘in principle’ support for the recommendation to lower...
Spain increases VAT on ebooks
Spanish Prime Minister Mariano Rajoy announced an increase in the Value Added Tax (VAT) rate that affects ebooks last month as part of the country’s austerity measures, reports Publishing Perspectives....
Government flags tax relief for small businesses
The Federal Government is expected to introduce tax relief measures in this year’s budget which will allow businesses to claim losses back against previously taxed income, reports the Sydney Morning...