To resume discussions on the revision of the directives on tobacco taxation (see EUROPE B13780A13), the Cyprus Presidency of the Council of the EU has drawn up a new draft compromise, which was discussed by the working group on indirect taxation on Wednesday 21 January. In particular, it proposes lowering the minimum rate of excise duty and granting a transitional period.
In the text that Agence Europe was able to obtain, the Presidency explained that “most delegations expressed concern...