Intimidated by the loss of revenue due to the tax reform, Germany, Luxembourg & Portugal were set to block it.
The requirement of Unanimity to adopt tax measures in the 25-nation bloc and only 20 member states backed its compromise on the value-added tax reform aimed at making it simpler to file returns by the businesses.
The package would experience change just at the point where VAT is applied to long-distance services including telecom, advertising & broadcasting. Germany desires to revolt the VAT fraud by introducing a “reverse charge†mechanism so that VAT is paid only by the supplier at the end of the chain. This would be a challenge for fraudsters.
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