EU Plans to Tax Internet Sales

Arctic Fox writes: "In a bid to help European online sales, the EU is planning to tax online transactions. The article on Yahoo, says that the taxes will apply only to products downloaded from the internet, such as software,videos and music. They may elect to tax physical items (books, hardware,etc) at a later date. American companies will be forced to charge European customers the appropriate VAT in their home country. No details on how this will be enforced."

Comments

Encourage value added activity, don't tax it!

[aquarian]

One of these days, Europe will learn (the hard way) to encourage value added activity, rather than tax it. The US has known this all along, which is why it rules the world's economy.