Topic: riches

Fiscal and Economic Aspects of Europe’s Book Consumption

Working paper by Karol J. Borowiecki and Trilce Navarrete. One of the available tools in cultural policy at the national level includes the reduction of VAT rates for cultural goods and services. An improved understanding of the reduced cultural taxes will allow to effectively employ this policy in order to support consumption of, among others, the fast growing digital heritage markets, such as the e-books market. A reduction in VAT rates can stimulate household consumption and consequently should be designed in conjunction with a national cultural policy. Continue reading