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Day: 7 March 2015

ASCAP has achieved a new financial record

ASCAP became the first PRO in the world to announce record-breaking revenues of more than $1 billion for calendar year 2014. ASCAP also delivered historic high royalty distributions of over $883 million to its songwriter, composer and music publisher members, up $32.3 million, a nearly 4% increase from 2013. In addition to historical revenues and record breaking distributions to its members, the number of musical performances captured, identified, matched and processed for payment by ASCAP doubled from 250 billion in 2013 to 500 billion in 2014.

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Google’s tax burden can be increased in Russia

According to Vedomosti, such idea has been discussed at the meeting in administration of Russian president. But not only Google was under fire. Other foreign internet companies have been also considered as a target for new taxes. If EU wants more tax revenues from IT companies, why Russia should forget about similar opportunity? At the meeting participants have come to common opinion that Google and Apple certainly don’t pay enough taxes to Russian budget. When Russians buy apps, music or movies in such online store like AppStore, iTunes or GooglePlay, their payments are not imposed in Russia because they buy directly from foreign companies. Google pays taxes much less than Russian Yandex, for example.

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