A Grapevine service announcement Pay attention: The Holuhraun eruption is at it again

Taxes Significantly Lowered On E-Books And Music

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Published September 2, 2011

Iceland could be just days away from lowering the taxes on e-books and music sold online.
Vísir reports that the Economics and Tax Committee has completed a bill to be submitted to parliament that would lower taxes on e-books and online music from 25% to just 7%.
This would also mean that foreign parties selling e-books or music online to Icelandic consumers would be required to submit 7% of their earnings.
Committee chairman Helgi Hjörvar told reporters, “This means that taxes on new media is lowered, both for reasons of equality and to help encourage the spread of e-books and make them more accessible.”
Helgi also said there was cross-partisan support for the bill, with MPs from every party signing onto the bill.
Online music store Gogoyoko celebrated the news, writing on Facebook: “For many years the taxes on CDs have been 7% but on online music, 25%. This has been very unfair, but it will hopefully be corrected now. It is in the best interests of consumers, producers, composers, musicians and salespeople alike.”
A final vote on the matter is still pending.



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VIDEO: Holuhraun Best Place For An Eruption

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Holuhraun Volcano Erupts Again

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An eruption has commenced at Holuhraun again, replete with magma plumes some 60 metres tall. RÚV reports that an eruption has re-opened at Holuhraun, just north of Vatnjökull, which began in the early morning hours. As can be seen, this is a lava eruption, and plumes of magma are reportedly reaching heights of up to 60 metres. This eruption is at the same location as the one which began last Friday, and continued for a few hours, only this time the eruption is 10 to 20 times bigger, volcanologist Ármann Höskuldsson told reporters. The southernmost point of the eruption begins

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