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Our reference: ECO-TAX-18-012 |
Date: March 2018 |
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Contact person: Alexandru Ciungu, Policy Advisor, Macroeconomics & Taxation |
E-mail: Ciungu@insuranceeurope.eu |
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Pages: 4 |
Transparency Register ID no.: 33213703459-54 |
Introductory comments
Insurance Europe believes that more efforts to harmonise Value Added Tax (VAT) in the EU are needed, particularly in the field of financial services. Insurance Europe calls on the European Commission to launch an initiative addressing the lack of neutrality between Member States in respect to the application of EU VAT law and the associated risk of double taxation. This initiative should have the following objectives:
- Establishing a level playing field on VAT for all financial services providers.
- Creating legal certainty by implementing the jurisprudence of the European Court of Justice (ECJ), while overcoming ECJ rulings that may be too restrictive.
- Ensuring that European VAT law is fit and proper for the modern business env
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