European tax changes not as bad as predicted
Many readers were concerned that when the VAT increased on e-Books in Europe they would to have to pay more. This was not the case as retailers and publishers have helped cushion the increase in price, so little has changed. Amazon, Barnes and Noble and Kobo all based their European headquarters in Luxembourg where the VAT was only 3%. This allowed these companies to sell digital books all over the continent at reduced prices. The VAT structure changed on January 1st 2015 where the amount of tax people pay is now defendant on the [read more...]