.. In Italy. :-P
Rome, Italy (AHN) - All hardcore pornography distributed in Italy will come with a 25% tax, under new legislature introduced in parliament by Italian Finance Minister Giulio Tremonti. Previous attempts to raise new revenue by taxing pornography have failed.
The tax is the result of the minister's overruling objections from the porn industry that they are already paying VAT and it is illegal to tax them twice.
Under pressure to meet EU rules, Rome is desperate to find new revenue to trim its budget deficit.
The new tax is similar to one imposed in France and will apply to all hardcore pornography, including films, magazines and merchandise sold in sex shops.
Tremonti says that, just like his French colleague, he is imposing what he calls an "ethical" tax.
The porn industry in Italy is estimated to be worth more than one billion euros a year.
Rome, Italy (AHN) - All hardcore pornography distributed in Italy will come with a 25% tax, under new legislature introduced in parliament by Italian Finance Minister Giulio Tremonti. Previous attempts to raise new revenue by taxing pornography have failed.
The tax is the result of the minister's overruling objections from the porn industry that they are already paying VAT and it is illegal to tax them twice.
Under pressure to meet EU rules, Rome is desperate to find new revenue to trim its budget deficit.
The new tax is similar to one imposed in France and will apply to all hardcore pornography, including films, magazines and merchandise sold in sex shops.
Tremonti says that, just like his French colleague, he is imposing what he calls an "ethical" tax.
The porn industry in Italy is estimated to be worth more than one billion euros a year.
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