EU Seeks Internet Sales Tax. (Insider Report)."European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community finance ministers have agreed to impose a tax for the next three years on music, software and games from outside Europe that are downloaded from the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the by EU citizens," reported the December 15th Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. News. The sunset provision A statutory provision providing that a particular agency, benefit, or law will expire on a particular date, unless it is reauthorized by the legislature. Federal and state governments grew dramatically in the 1950s and 1960s. was included because the EU's finance commissars "hope that it will be replaced with a worldwide system to tax Internet downloads at the point of consumption." In addition, the EU's "temporary" tax could be made permanent anytime by a unanimous vote of the 15 EU member states. |
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