The European Union has ruled that e-books sold in Europe are to be treated as an electronic service rather than a book. This means they will be liable to higher VAT rate than physical books.
The ruling particularly affects France and Luxembourg. Both countries had petitioned the EU Court of Justice to be allowed to sell e-books at the same VAT rate as physical books.
However, most other EU countries already charge a higher rate of VAT on e-books.
Meanwhile, in the US theWall Street Journal reveals how public libraries outperform many e-book subscription services.
Sources: Endgadget; Wall Street Journal; The Verge.