Tag: value added tax

After more than four years of deadlock, European finance ministers have adopted new rules on the way value-added tax is collected on services provided between member states. Revenues will now be reaped by the country in which the consumer is located rather than the one in which the company providing the service is established.

Reformers in Central and Eastern Europe are once again adhering to a "Marxist ideal" in the shape of flat taxes, argues S. Adam Cardais in a 30 July article for Transitions Online. However, economic miracles are not made of flat taxes alone, he warns.

Poland has agreed to a compromise deal on the row over reduced rate VAT on services after talks in Vienna on 1 February 2006.

During visits to Berlin, French Prime Minister Dominique de Villepin and Finance Minister Thierry Breton have welcomed German efforts to put an end to the socio-economic depression that the country has been going through.

During its EU Presidency (July – Dec 2005), the UK will campaign for a reduction in the powers of the European Court of Justice (ECJ) in tax matters.

Hungary's Commissioner designate is to appear before MEPs for the second time, with a view to his taking over the taxation and customs union portfolio. If successful, Kovács will effectively pass the energy brief to Latvia's candidate.