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To fight against VAT fraud, Brussels is going digital

2022-12-08T18:16:12.519Z


DECRYPTION - The European Commission wants to impose collection on platforms such as Uber and Airbnb. And tackle the “carousel” mechanism.


"

In these difficult times, public finances need sound and predictable tax revenues and citizens demand tax fairness and firm measures against tax evasion and tax evasion"

, launched Thursday the Commissioner for the Economy, Paolo Gentileni.

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Highlighting the inflationary pressures currently facing European economies or the increase in interest rates, the Italian official presented a series of measures aimed at optimizing one of the Member States' first tax revenues and above all the most defrauded among them: value added tax (VAT).

Unanimity required

The figures from the EU executive are indeed overwhelming.

According to a study presented the same day, the shortfall is nearly 93 billion euros in VAT revenue in 2020, for the 27 Member States.

With 14 billion euros lost, France is second in the ranking, just behind Italy, which recorded a loss of 26 billion euros.

Read alsoEuropean Union: VAT fraud of 2.2 billion euros

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Source: lefigaro

All news articles on 2022-12-08

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