Brussels, 26/01/2006 (Agence Europe) - The Czech Republic has explained its reasons for rejecting the Austrian EU Presidency's proposal of compromise on reduced value added tax (VAT) (EUROPE 9117). It considers that the negotiation should not simply cover annex K of Directive 77/388/EEC (the so-called sixth VAT directive), which contains the list of high labour-intensity services that may benefit from these reduced rates. In its view, it is also appropriate to tackle other derogations...