According to lto the Argentine Chamber of Phonogram and Videogram Producers (CAPIF), the sale of music in the country has decreased by 11,9 percent compared to 2007, something that had not happened since the difficult year 2002.
“The sale of unauthorized physical media continues to be the main obstacle to the growth of the CD market. It is estimated that 60 percent of this market corresponds to illegal sales », issued CAPIF, in a statement released these days.
The CAFIP the inks were loaded on the piracy which "Generates economic losses of approximately 1.200 million pesos (about 331 million dollars), including physical and digital media". And in your report criticized the tax burdens that affect the sector: "It becomes difficult to bear a tax burden higher than 40 percent, since that takes away possibilities for the development of new artists and productions."
In 2008 in Argentina, 15,9 million units were sold: 89%, compact discs, which registered a decrease of 12 percent. The other side seems to be the musical DVDs that continue to gain ground in the market, with growth ranging from 7,6 in total sales in 2007, to a rise of 10,3 percent in 2008.
CAPIF he finished the statement noting that one of the keys is, without a doubt, in the tax burdens: "To continue promoting cultural creation in the country, it is necessary to reduce VAT (Value Added Tax) for musical productions".
Source: Yahoo Music