Brussels, 21/06/2011 (Agence Europe) - On the subject of taxation, the Ecofin Council on Monday 20 June, noted a progress report which took stock of progress made and problems still to be resolved regarding VAT application to insurance services and other financial services. The proposals for a directive and regulation presented on this subject in 2007 aim to update the definition of services exempted from VAT. The Commission also proposed a mechanism to establish cross-border cost-sharing...