Brussels, 18/01/2006 (Agence Europe) - The Austrian Presidency of the Council of the EU will unveil a draft compromise deal on cut-rate VAT on Thursday or Friday to get the ball rolling and get the EU out of the legal vacuum surrounding the levying of cut-rate value added tax (VAT). European sources suggest it may come up with the idea of extending the present cut-rate VAT system, or even extending it.
EU Taxation and Customs Union Commissioner Laszlo Kovacs wrote to the European Union's...