Reform of VAT risks ‘burdening businesses’

Businesses face a 'complex and disproportionate burden' if a package of value added tax reforms is approved by Europe's finance ministers at the ECOFIN Council, Brussels, 4 December 2007, KPMG, the professional services firm has warned.

Council of the European Union: Press Release, 30.11.07: Background to ECOFIN Council, Brussels, 4.12.07 (look under 'Value Added Tax' for information on the EU proposals) http://www.consilium.europa.eu/ueDocs/cms_Data/docs/pressData/en/ecofin/97335.pdf

European Commission: DG Taxation and Customs union: Taxation: VAT: VAT Legislation proposed http://ec.europa.eu/taxation_customs/taxation/vat/key_documents/legislation_proposed/index_en.htm

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