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The Future of the VAT System

Jean-Claude Bouchard Tax Partner Taj Société d'Avocats Member of Deloitte Touche Tohmatsu discusses the future of the VAT system applicable to financial services and insurance
'Both industries are at the centre of Europe's prosperity accounting for almost 7% of gross value added in the EU's business economy and giving employment to over 6 million people today'
'The strength of these industries is central to the creation of the economic achievement and this stands out as one of the key areas for the EU's future growth and jobs essential for our global competitiveness and this a crucial part of the Lisbon Economic reform process.
'The Commission and national governments have committed themselves to creating the conditions where these industries can prosper...

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