European Union - Current and Recurring Issues with Taxing Financial Services under VAT
- European Union,International
- R.F.W. van Brederode; R.E. Krever
- Bulletin for International Taxation, 2019 (Volume 73), No 6/7
- 17 May 2019
The treatment of financial services under a VAT has posed challenges in all jurisdictions levying the tax. This article explores the difficulties universally confronted in VAT systems and the significantly divergent paths adopted by the traditional (European Union) and the modern VAT used elsewhere to address those challenges.