UK government closes tax loophole on digital media, could mean the

Buried within the latest budget plan for the UK, Chancellor George Osborne announced new laws that would ensure internet downloads from the likes of iTunes, Google Play and game networks would be taxed in the country they're bought in. In the case of the UK, that would be around 20 percent VAT, substantially more than selling through countries like Luxembourg where the rate can be around 3 percent. Separate to the government's grand plans for its digital future, the new rule would start January 1st 2015 -- "ensuring these are taxed fairly and helping to protect revenue." According to the government's estimates, it could net around £300 million in extra tax income, although it's likely to bring digital download pricing (unfortunately) closer to physical media in the process.

UK Politics: Labour's Tax Pledges Leave Ways to Hit Your Wealth - Bloomberg

U.S. Trade Loophole Fuels Rise of China's New E-Commerce Firms - WSJ

France plans to close tax loophole benefiting Airbnb

Meghan Markle and Harry: Your questions, answered

UK Labour party plans crackdown on private equity tax loophole

UK government offers extra funds to Northern Ireland to break deadlock

Work from home tax loophole to be closed after it cost Treasury £500 million

Scrapping 'non-dom' tax perk would net £3.6bn a year for UK, says study

UK Online Safety Bill: Tech giants not forced to remove harmful content

WFH tax loophole 'will be closed after costing Treasury £500million