EU proposes new Europe-wide VAT

The European Commission has put forward proposals for direct EU taxes on member states, including a possible EU-wide value-added tax (VAT).

The proposals are part of a package of options for finding new sources of revenue for the European Union budget.

EU Budget Commissioner Janusz Lewandowski first said in August that he wanted member states to consider allowing the EU to levy direct taxes.

Full story on the link below.

http://www.bbc.co.uk/news/business-11578302

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