News

The VAT lady sings

1997-03-01T11:00:00

ENLIVENING the closing minutes of ICM's conference on Managing Privatised Railways in London on January 16 was a chilling dissertation by Celia Brennen of KPMG on the looming horrors of Value Added Tax. January 1 1997 saw the expiry of a derogation which legitimised a long-established practice in some European ...

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