Wednesday, December 31, 2014

ITP V.014 THE MUSIC BUSINESS: ARTIST MASS EXODUS OVER BANDCAMP EUROPEAN TAX CHANGE

Today (or tomorrow depending on region and time zone) 1/1/2015, it may be harder to buy digital music and downloads from EUROPEAN and UK musicians on BANDCAMP.
European countries are mandated to VAT (VALUE ADDED TAX) for digital music sellers, based upon COUNTRY (not seller).
Many corporate giants (APPLE, AMAZON) primary offices are situated in low tax countries, there fore cutting tax bills. 





More below.



FROM WONDERING SOUND.COM
http://www.wonderingsound.com/bandcamp-exodus-european-british-tax-rule-change-vat-moss/
http://blog.bandcamp.com/

Thanks-Stay Metal, Stay Brutal-\m/ -l-