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IPFS News Link • Internet

Digital Tax Increase to Take Effect in Europe

• New York Times

.... Under the new rules, first approved in 2008, the tax rate on digital services like cloud storage and movie streaming will be determined by where consumers live, and not where the company selling the product has its European headquarters. Tax experts say Europe's revamped rules could add up to an extra $1 billion in annual tax revenue for European governments.

What remains unclear is who in the 28-country bloc will pay most of the bill....