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Image header Agence Europe
Europe Daily Bulletin No. 9439
GENERAL NEWS / (eu) eu/ecofin council

Luxembourg is main obstacle to overall agreement on VAT package - Ecofin Council wants dossier concluded by end of year

Luxembourg, 05/06/2007 (Agence Europe) - Germany would have really liked to have finished its presidency of the Ecofin Council on Tuesday 5 June with a weighty taxation success on the legislative package for simplifying obligations on Value Added Tax (VAT). At the beginning of the year it withdrew conditions on an agreement on this dossier that would have applied a reverse charge mechanism on its territory to fight VAT fraud (see other article). Reservations from Luxembourg, however, on one...

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