Brussels, 06/12/2011 (Agence Europe) - A VAT system is needed that is better adapted to the new realities of the economic situation - less complex for businesses to use, more effective, less vulnerable to fraud and providing a more effective contribution to member states' efforts to consolidate their budgetary situations. That, in essence, is the aim pursued by the commissioner for taxation and customs union, Algirdas Semeta, who presented a communication on reform of the VAT system on...