Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-17-Speech-4-329-000"
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"en.20111117.17.4-329-000"2
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"The digital revolution, linked to globalisation and growing trade, compels us to rethink our cultural and economic model. Cultural works can benefit from marvellous communication tools, in the Internet and digital technology, if we succeed in adapting the regulatory framework of the single market. However, when it comes to the development of e-books, for example, we Europeans are clearly lagging behind our international competitors. Indeed, European legislation prohibits reduced VAT rates for electronic services. The minimum VAT rate is 15%, whereas printed books can benefit from rates as low as 5%. We are faced with a system in which transaction methods are more important than content. A book is a book, though! Disparities in taxation create distortions that, without exception, undermine the competitiveness of European companies. The Americans have long had a competitive advantage. Is Europe going to do something about it? I am aware that public funds are scarce. However, if we do nothing, not only will the digital future pass us by; we will also deprive ourselves of a tool for creating growth, competitiveness, cultural diversity and employment."@en1
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