Brussels, 07/07/2008 (Agence Europe) - On Monday 7 July, the European Commissioner for taxation presented the European Commission's draft directive to change the Directive on applying reduced value added tax (VAT) rates (EUROPE 9696). László Kovács outlined the Commission's three-fold aim in this area: immediate action to resolve the most urgent problems, such as authorising the application at the end of December 2010 of transitional provisions authorising the application of reduced...