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Industry backs VAT campaign.
Industry heavy hitters are throwing their weight behind a campaign to slash VAT on recorded music with the BPI, Aim and Bard backing a cross-industry meeting in Brussels today.
The industry coalition argues recorded music, which is currently subject to VAT rates as high as 25% in some European countries, should benefit from the lower rate enjoyed by other cultural goods like books. The European Commission is set to make its proposals for the review of the VAT directive in the first ...
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