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Leotard calls for pan-European VAT break. (Midem News).
Campaigners pressing for a cut in VAT rates on music across Europe used a European Commission-organised event in Cannes to issue a rallying call.
France's roving ambassador on the issue Francois Leotard told the Music In Europe Day debate that reducing the tax in all member states would bring "great benefits" to the industry, pointing to the positive effects resulting from a previous cut in his own country.
"The first decrease in VAT on recorded music in France in 1986 proved to be a success both in economic and fiscal terms," says Leotard, who was joined in the debate--which was organised by the European Music Office and EC--by France's culture and communication secretary of state Jean-Jacques Aillagon and other European political and music industry representatives.
The EU currently sets VAT on sound recordings as high as 25%, while ...