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Luxembourg - Reduced VAT rate will apply to e-books | KPMG | GLOBAL

KPMG, TAX SHELTER, TAX FRAUD, CHRISTMAS, DEATH, DECEIT, KPMG

Hey KPMG merry Christmas, hope you guys are happy, I am dead and will never see another Christmas again or see my daughter

celebrate Christmas again, who cares though KPMG is doing great notwithstanding all the lies, deceit, threats and theft purveyed b

KPMG which caused me to kill myself.

Good work KPMG and its malevolent partners like Dennis Malloy (the lying thieving Mormon bishop), Erin Collins (the maliciou

deceitful IRS Lawyer), Joseph Loonan (the KPMG Hangin Lawyer).you guys caused me to kill myself in a disgusting painfu

manner so you could go on lying and stealing to make millions, too bad for my daughter though, thanks to you guys, now she hasnobody.

Beware if you work at KPMG or do business with KPMG, if any of all the fraud continuously perpetrated by KPMG comes to ligh

regardless if you had anything to do with the fraud, if convenient (or just plain advantageous) KPMG will hire a firm like Skadden

Arps with lawyers who will lie and cheat on behalf of KPMG like Peter Morrison , to make any deal it can with the U.S. Governm

such that your loved ones will kill themselves, become drug addicts and alcoholics and suicidal every waking moment after the ho

of the U.S. Government are purveyed upon you and your family due to the lies and deceit perpetrated by KPMG (which will inclu

ass raping, suicide and armed gunmen invading your home and threatening your family not to mention severe public humiliation).

Merry Christmas KPMG

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Luxembourg - Reduced VAT rate of 3%

will apply to e-books beginning in 2012

December 13: The Luxembourg value added tax (VAT) authoritiesissued guidance that provides for the application of the super-reduced3% VAT rate on electronic books beginning in 2012. Circular No 756(12 December 2011).

The VAT guidance reflects a new position of the Luxembourg Ministryof Finance. Up to now, the super-reduced VAT rate was consideredapplicable to paper books only, whereas e-books were taxed at thestandard 15% VAT rate. The new 3% VAT rate on e-books will apply

Value added tax - Wikipedia, the free Tax rates of Europe - Wikipedia, the Value-Added Taxes (VAT)encyclopedia free encyclopedia

The rationale behind this change of position is that different treatmentof paper books and e-books for VAT rates purposes is not warranted,given that the function of the products is identical, regardless of theformat (electronic or paper).

Also, this approach follows discussions held at a European Union-level,in particular a 6 December 2011 communication [COM (2011) 851final] providing that similar goods and services should be subject to

the same VAT rate and progress in technology should be taken intoaccount in this respect, so that the challenge of convergence betweenthe on-line and the physical environment is addressed.

The recent position announcement of the Luxembourg Ministry forFinance comes shortly after the French government confirmed itsapplication of a reduced VAT rate of 7% to e-books in Francebeginning 1 January 2012.

For more information, contact a tax professional with KPMG inLuxembourg:

Laurence Lhte

+352 22 51 51 5534

2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network

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of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), aSwiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network ofindependent member firms. KPMG International provides no audit or other client services. Such servicesare provided solely by member firms in their respective geographic areas. KPMG International and itsmember firms are legally distinct and separate entities. They are not and nothing contained herein shall

be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or jointventurers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bindKPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address t hecircumstances of any particular individual or entity . Although we endeavor to provide accurate and t imelyinformation, there can be no guarantee that such information is accurate as of the date it is received orthat it will continue to be accurate in the future. No one should act on such information without

appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to [email protected].

For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

2001 M Street NW

Washington, DC 20036-3310.

http://www.kpmg.com/global/en/issuesandinsights/articlespublications/taxnewsflash/page ... 12/20/2011


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Luxembourg - Reduced VAT rate will apply to e-books | KPMG | GLOBAL Page 2 of 2

2011 KPMG International Cooperative ( KPMG International),a Swiss entity.Member firms of the KPMG network of independent firms are affiliated with

KPMG International. KPMG International provides no client services. No member

firm has any authority to obligate or bind KPMG International or any other

member firm vis--vis third parties, nor does KPMG International have any suchauthority to obligate or bind any member firm. All rights reserved.

http://www.kpmg.com/global/en/issuesandinsights/articlespublications/taxnewsflash/page ... 12/20/2011

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