Brussels, 14/05/2007 (Agence Europe) - Early in May, the European Commission published the results of its 2006 public consultation on the European rules governing the exemption of financial and insurance services from value added tax (VAT) (see EUROPE 9190). From the 82 contributions it received, it concludes that “the modernisation of the definitions of financial and insurance services is a priority”. Nearly 70% of the interested parties believe that “the definitions of the financial...