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Digital tax hike could add US$1b annually to EU coffers

Sat, Jan 03, 2015 - 5:50 AM

London

EUROPE'S tax showdown could be headed straight to people's wallets. With the new year, a change in fiscal rules in the European Union (EU) is increasing the tax on many purchases of digital content such as e-books and smartphone applications.

Under the new rules, first...

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