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Euro area inflation reached 3% in August, a rapid increase from August 2020 when it was -0.3%. As the inflation rate now outpaces the ECB's medium-term target of 2%, could it become a concern for the central bank? After showing that the health crisis was unprecedented in its nature and sectoral characteristics, we study the determinants of inflation in the short term and then discuss various elements that could influence the trajectory of future inflation and mitigate inflation fears. This paper ...

At a time when many schools, libraries and bookshops around the world remain closed and people are spending more time at home, books can do wonders in combating isolation, while stimulating readers' minds and creativity. Every year since 1995, on 23 April, World Book and Copyright Day is celebrated all over the world. Launched by UNESCO, the event is an opportunity to celebrate the importance of reading and promote a lifelong interest in books.

La armonización de las disposiciones nacionales relativas al impuesto sobre el valor añadido (IVA) se remonta a 1967, a causa del posible efecto distorsionador de este impuesto al consumo en el mercado único. Durante más de dos decenios, se ha aplicado en el mercado único el régimen transitorio del IVA, partiendo del principio de imposición en destino. Desde 2016 se está revisando y actualizando el marco relativo al IVA, y se avanza hacia uno basado en el destino, lo que incluye también una revisión ...

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying the above proposal, submitted on 18 January 2018 and referred to Parliament's Committee on Economic and Monetary Affairs. The proposal amends Directive 2006/112/EC (hereafter the VAT Directive), which sets out the rules governing the current temporary VAT system (dating from 1993), which are currently based on the principle of origin. When the Council adopted ...

El 1 de diciembre de 2016 la Comisión Europea aprobó una propuesta acerca del impuesto sobre el valor añadido (IVA) aplicado a los libros, los periódicos y las revistas, que modificaría la Directiva del IVA y ampliaría la posibilidad de aplicar tipos reducidos a todas las publicaciones, fuesen impresas o digitales. La votación del informe de este procedimiento de consulta está prevista para el Pleno de Mayo.

With an estimated value of US$151 billion, book publishing gradually evolved into a truly global business early in the 21st century. As yet, however, e-books are nevertheless significant only in a relatively small number of markets. These are led by the United States (13% of the book market) and the United Kingdom (11.5%), with Germany (5%) developing more recently. The e-book market in the EU has taken off only in recent years, and in 2014 it still represented only 1.6% of the total book market ...

The current crisis in the press sector has particularly hit the regional press. State support measures in this sector are in place in most Member States.

This report presents innovative national measures and models aimed at improving the socioeconomic status of authors (e.g. writers or visual artists) and performing artists in Europe. It addresses five main areas: individual working and contract relations; professional representation; social security; taxation; and aspects of transnational mobility. Based on the findings of the study, proposals for future Europewide action are made.

The Commission has recently announced that it will shortly be making proposals on the reduced rates of Value Added Tax. This Briefing summarises the current position on VAT rates and the problems to which it gives rise, including those stemming from exemption. Relevant Articles from the Sixth VAT Directive are appended.