Financial Times FT.com

VAT exemption proposed for European research

By Nikki Tait in Brussels

Published: April 13 2009 01:03 | Last updated: April 13 2009 01:03

Cross-border research projects in Europe could be set for billions of euros in tax breaks under proposals that will be considered by European Union ministers in coming weeks.

As part of a broader plan to step up EU investment in research, Brussels is proposing to create a group of schemes called “European research infrastructure” (ERI) projects.

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