Tag: tax fraud

The European Commission adopted on Tuesday (18 August) proposals to combat the ever-expanding value-added tax (VAT) fraud schemes by accessing taxpayers databases across the EU and exchanging information between authorities of the member countries.

The European Commission has suggested speeding up exchanges of information between member states as a first step to crack down on cross-border VAT fraud, estimated to drain billions from EU governments' coffers each year.

Germany is expected to lead calls for tighter EU rules on tax havens during a meeting of EU finance ministers this Tuesday (4 March), in the wake of a tax evasion scandal that has spread from Germany across Europe to the US and beyond.

Recognising that tax fraud is a growing problem, the Commission proposes a set of new measures to increase VAT recovery.

On 20 October, Budget Commissioner Michaele Schreyer launched the OLAF Anti-fraud Communicators Network on an upbeat note.

A new Commission proposal would improve cooperation between the Member States' tax authorities in an effort to combat cross-border tax fraud.

Although progress was made, the extraordinary ECOFIN meeting of 11 December failed to reach a concluding agreement on the planned common rules on savings taxation.

Taxation Commissioner Frits Bolkenstein presented a report to the Commission on 27 November on the status of its negotiations with non-EU countries on the taxation of savings revenue.

The European Commission has recovered 142.9 million euro of EU farm aid money, misspent by Member States. The Member States will have to pay back the money because of inadequate control procedures or non-compliance with the EU rules on farm aid.

After a meeting with Swiss Foreign Minister Deiss, the Commission announced that it wants to negotiate an anti-fraud agreement with Switzerland.