The scope of the EU exemption for cost-sharing associations
Journal
Country
European Union
Published Date
Issue
International VAT Monitor 2009 (Volume 20), No. 1
Document
In its judgment in CBO, the European Court of Justice (ECJ) has given a broad interpretation of the VAT exemption for services of cost-sharing associations. In this article, the author comments on the arguments on which the ECJ based its decision and the potential risk that the exemption distorts competition. Finally, the author points out numerous aspects of the exemption that continue to lack clarity.