Brussels, 05/12/2007 (Agence Europe) - After “five years” of discussions, we have been able to bring in a “major change to the value-added tax (VAT) regime”, said Fernando Teixeira dos Santos, the Portuguese finance minister, on Tuesday 4 December after the meeting of the Ecofin Council. The Council had just achieved a unanimous agreement on the last element still blocking the definitive adoption of the legislative package aiming to simplify and modernise VAT obligations. This...