Brussels, 04/06/2008 (Agence Europe) -On Tuesday 3 June, the European Finance Ministers took note of a report by the Slovenian Presidency on the state of progress with work on legislative proposals- one directive on one regulation- clarifying exemptions on value-added tax (VAT) applicable to financial and insurance services (see EUROPE 9553).
The proposed directive will give the economic operator, and not the Member State, the option of being fully subject to VAT or not. It also authorises...