Brussels, 05/05/2009 (Agence Europe) - On Tuesday 5 May without debate, European finance ministers endorsed two legislative acts in the field of value added tax (VAT), which transcribe the political agreement on reduced VAT rates reached early March into the European body of law (see EUROPE 9858). A first directive will amend the VAT directive (2006/112/EC) to authorise member states that so wish to permanently apply reduced taxation to certain high labour-intensive activities (e.g. small...