- European Commission proposes new defense fund
- Fund includes temporary VAT exemption for defense products
- SAFE bill is a 150 billion euro loan to strengthen European defense
- Proposal includes exemption for defense products from VAT
- Proposal comes amid war in Ukraine and concerns about US commitment to European defense
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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