Brussels, 06/01/2010 (Agence Europe) - At the end of December, the Council definitively adopted a draft directive amending the European Value Added Tax (VAT) system, extending the right of VAT deduction to mixed-use immovable property, that is, for both professional and private usage. Despite opposition from the European Parliament (see EUROPE 10028), the draft directive authorises member states to apply this right of deduction to other assets that form part of the company. The new directive...