Brussels, 02/08/2007 (Agence Europe) - The European Commission is preparing new legislation covering the exemption of financial services and insurance from VAT (value-added tax). At the end of July, it published three working documents on its website to pave the way for a potential directive in the future (to be adopted before the end of the year). In line with the results of the public consultation exercise in 2006 (see Europe 9426), the Commission explains that it is focussing its...