The European Commission envisions EU states working together to prevent fraud. They point to the €150 billion Vat Gap between the amount due and the amount collected, and believe that only through harmonization can member states close that gap. However, member states want to protect their independent tax sovereignty, and aren’t interested in consolidating the system.
With the European Commission at odds with member states, it has people wondering what the future of VAT looks like in Europe.
Source: way2vat.com
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