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The problem with changing the regulations has always been the requirement for a unanimous vote at EU level, something rather more difficult than calculating the square root of -1.
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This made me laugh!
But, sorry to burst your bubble:
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and member countries will be allowed to charge a reduced VAT rate on "any similar physical medium that predominantly reproduce the same textual information content as printed books", come January 2011.
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It only goes for physical medium. An ebook that you download isn't a physical medium. Were bookshops to sell a "card" with a code and an URL where to download the ebook, maybe...
Right here, in the Netherlands, you can better buy an audiobook in a store on CD rather than buy the exact same audiobook online as MP3. The first has the lower VAT (6% in our case), the second the higher (19% in our case).