- VAT exemptions are crucial for EU defense spending and security cooperation.
- EU officials discussed this with a European Parliament tax subcommittee.
- Exemptions lower costs for EU countries purchasing within Europe.
- They also reduce administrative costs for countries and companies.
- The EU plans to negotiate new procurement instruments.
- Taxing defense expenditure twice is seen as unfair to taxpayers.
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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