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Europe Daily Bulletin No. 8947

14 May 2005
Contents Publication in full By article 17 / 37
GENERAL NEWS / (eu) eu/taxation
Proposed overall compromise of Luxembourg Presidency on reduced VAT rates seeks “equilibrium”

Brussels, 13/05/2005 (Agence Europe) - In April, the Luxembourg Presidency made a proposed overall compromise on the sensitive dossier on reduced rates of value-added tax (VAT). Its objective is to find a “point of equilibrium” between the Commission's proposal of July 2003 (see EUROPE 8506), the extra demands voiced by various delegations, the requirements of equivalent treatment for the new Member States and the restrictive positions defended by other Member States. The Luxembourg...

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