20/10/10 More details Commission proposal
Details on the Commission proposal for alternative VAT system in the EU
On the site of the European Commission more information is available on the proposal that was published yesterday in the European Parliament meeting on the EU budget for the future. The news item on this website yesterday already mentioned the proposal includes suggestions to dramatically change the current VAT system, replacing it by an EU VAT system. Furthermore there are thoughts to introduce an EU-wide CIT system and levies on air transport, financial transactions, greenhouse gass emission rights.
Download here the budget review from the European Commission. There are annexes with this document you can find here. In the annexes you find more details on the alternatives collected by the Commission and to be investigated further.