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Image header Agence Europe
Europe Daily Bulletin No. 10799
ECONOMY - FINANCE / (ae) taxation

Five states opposed to challenging unanimity on VAT

Brussels, 05/03/2013 (Agence Europe) - Despite general consensus on the objectives, Germany, the United Kingdom, Sweden, Portugal and Luxembourg maintained their opposition - at the Ecofin Council on Tuesday 5 March - to the compromise developed by the Presidency of the EU Council of Ministers for implementing a Rapid Reaction Mechanism (RRM) to enable member states to adopt emergency measures in case of sudden massive VAT fraud. Italy maintained its reservation with regard to the Reverse...

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