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Europe Daily Bulletin No. 8605

13 December 2003
Contents Publication in full By article 12 / 38
GENERAL NEWS / (eu) eu/european council/taxation
Finance Ministers call on Commission to extend current reduced VAT system

Brussels, 12/12/2003 (Agence Europe) - EU Finance Ministers unanimously called on the European Commission during its lunch on the fringe of Friday's European Council to extend by two years the current reduced VAT rate for high labour intensive services, which expires end December. This delay would make it possible to pursue discussion on new proposals for harmonising reduced VAT rates, still opposed by France and Germany. Commissioner Frits Bolkestein immediately refused to make a proposal...

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