HUGE LOSSES IN EU VAT REVEALED BY STUDY
September 1st, 2013
EUROPEAN Union (EU) treasuries are losing almost Euro EUR200 billion-a-year in unpaid VAT lost because of non-compliance or non-collection, a European Commission report has concluded. The Commission called on EU member states to simplify their VAT systems and broaden the tax base to improve collection, criticising “complicated tax systems with multiple rates…” It said governments should “broaden national tax bases and…limit tax exemptions and reductions…”A study of data into 26 member states covering the years 2000 to 2011 calculated that EUR193 ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.