Keith Nuthall
THE US government is likely to be upset by the decision of the European Union Council of Ministers (finance) to approve its proposed new VAT regime for digital products downloaded from the Internet; this system allows EU exporters to sell their goods without charging sales tax, but penalises importers, notably American companies.

In future, they will have to register for VAT in one EU country, which would then collect the tax at the rate of the Member State of the final consumer, transferring this revenue to the relevant national ...

Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.