“Consumer electronics companies such as Apple, Siemens, Nokia and Sony could save hundreds of millions of euros every year under plans by the European Commission to slash the copyright levies on products ranging from iPods to DVD players and mobile phones,” Tobias Buck reports for The Financial Times.
The paper says the levies were introduced in the 1960s to compensate artists for analog copying of their products. But governments have now extended the levies to digital players.
The Commission proposal would exempt all equipment that are secondary to copying content such as Apple iPods and mobile phones. Officials told the newspaper that the European Commission will issue formal recommendations on the issue by early next year.
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