ECOFIN Council conclusions on new VAT strategy
(15/05/2012)
BUSINESSEUROPE welcomed ECOFIN Council's conclusions on the future of VAT. Improving the EU VAT system means improving the functioning of the single market, and therefore increase growth and tax revenues in Europe. In its conclusions, the ECOFIN Council gives the Commission a mandate to continue its work in this direction, highlighting the role a more efficient, simple and robust VAT system can play in order to contribute to fiscal consolidation and economic growth. BUSINESSEUROPE supports a greater business involvement in developing VAT rules and the technical work on how to implement common rules about the place of taxation.