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EU Plans to Tax Internet Sales

Posted by ryuzaki0 on from the daddy-what's-a-spoils-system dept.

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."

1 of 358 comments (clear)

  1. HUH? by drDugan · · Score: 2, Redundant



    In a bid to help European online sales, the EU is planning to tax online transactions

    quick post here -- but how exactly will TAXING online transaction HELP online sales?

    seems like a real nonstarter, or simply a mistake