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There has been a broadly positive response to moves by European finance ministers to cut VAT rates, with small business representatives welcoming the certainty the plan will bring for SMEs.
The lower chamber of the Romanian Parliament has unanimously voted to eliminate excise duty on traditional home-brewed hard drinks, despite the very fact that it is required to collect excise on home-brewed alcohol under the terms of its EU accession treaty.
'Flat tax' is a recurring issue in the new member states these days, and calls for tax cuts and simplification are also coming from elsewhere in Europe. (read more)
In its draft Directive, tabled in July 2002, the Commission proposes to create a separate tax category for commercial diesel fuel, with a single level of excise duty applicable from 2010. (read more)