Greece Backs Away From Online Ad Tax

Though it faces budget shortfalls and holes in its pension system, Greece has withdrawn a proposed levy on Internet advertising that aimed to finance the retirement of journalists working in online media.Succumbing to intense lobbying from media companies and advertisers, the government withdrew its plans Friday for a 21.5 percent tax on the Internet ad revenue of news Web sites based in Greece.
http://www.nytimes.com/2010/07/05/technology/internet/05iht-netax05.html

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