Brussels, 28/11/2007 (Agence Europe) - László Kovács, the European commissioner for taxation, presented two new legislative proposals on Wednesday 28 November - a directive and a regulation - designed to clarify the value added tax (VAT) obligations applicable to financial services and insurance (see EUROPE 9545). This clarification would improve legal certainty for operators and thereby limit the number of cases brought before the European Court of Justice. Mr Kovács is conscious of the...