BRUSSELS (Reuters) - European judges have ruled that a sex shop with movie cubicles does not qualify for a reduced rate of sales tax because it is not a cinema. The decision by the European Court of Justice -- Europe's highest court -- follows a dispute in Belgium involving a sex shop which levied value-added tax of 6 percent on its activities ...

Major business events and economic events scheduled for Friday: WASHINGTON — FDIC reports on bank closings. BEIJING — Commerce Ministry news conference on Chinese-US trade. BRUSSELS — EU conference on managing future banking crises with ECB's Trichet, IMF's Strauss-Kahn. FRANKFURT — Federal Statistical Office releases Germany producer prices for February.

BRUSSELS (Reuters Life!) - European judges have ruled that a sex shop with movie cubicles does not qualify for a reduced rate of sales tax because it is not a cinema. The decision by the European Court of Justice -- Europe's highest court -- follows a dispute in Belgium involving a sex shop which levied value-added tax of 6 percent on its ...