EDM Global Producers, Djs & Artists
The US tax agency has valued Prince‘s estate at 50 per cent higher than proposed by the administrator, causing more legal trouble for the estate’s settlement. As reported by the Star Tribune, the Internal Revenue Service has valued Prince’s estate at £119.4million (US$163.2million), significantly higher than the £60.2million (US$82.3million) valuation from Comerica Bank & Trust, …
Continue reading “Prince estate undervalued by $80million, US tax agency claims”
Clubs around the world have been hit hard by the coronavirus (COVID-19) pandemic — but a new court ruling could save German nightlife. It might sound strange, and rather obvious, but the country has officially declared techno to be music. That means nightclubs and dance music venues are allowed the same tax break as concert …
Continue reading “German Court Rules Techno Is Indeed Music, Giving Clubs Major Tax Break”
A German court has ruled that techno is in fact a genre of music, meaning clubs will receive a tax break on ticket sales. Nightclubs in Germany have, until now, paid 19% VAT on ticket sales whereas traditional music venues only seven per cent. The decision, made at Germany’s financial high court on October 29, …
Continue reading “German court rules that techno is music, meaning clubs receive tax break”
