The EU Economic and Financial Affairs (ECOFIN) Council reportedly failed to reach agreement during its 16 June 2017 meeting on proposals to allow Member States to apply a reduced value added tax (VAT) rate for e-publications and to allow the use of a general VAT reverse charge for domestic supplies exceeding EUR 10,000 to counter VAT fraud. The main holdouts are France, which supports a reduced rate for e-publications but not the reverse charge, and the Czech Republic, which wants the reverse…