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Old 12-23-2011, 05:10 PM   #1
Fbone
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Amazon UK Customers get tax break on ebooks

In case you haven't heard, Luxembourg will reduce the VAT on ebooks from 15% to 3% on January 1st 2012. This means those UK Kindle book shoppers should see lower prices in January. You may want to wait until then before making your purchases.

http://www.ft.com/intl/cms/s/0/8790c...44feabdc0.html

http://www.thebookseller.com/news/lu...le-prices.html

Of course, this will hurt WHSmith/Kobo as they have to add full 20%.

This may change in 2015 as tax levied will switch to country of customer and not retailer.
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Old 12-23-2011, 05:35 PM   #2
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Nice one - hard to believe, really !

But does that (shock horror) mean that Amazon is a tax avoiding business ? Surely they've been helping us out by helping us by paying a lot of tax, they're known as a philanthropic organisation....................
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