Governments all over the world have the same problem: there is a difference between the tax revenue collected and the tax revenue that should have been collected. This is called the tax gap. It is estimated that almost €1 trillion is lost on an annual basis within the European Union (EU) alone. In this blogpost we’ll discuss the gaps of different types of taxes; import duties, personal income tax (PIT) and corporate income tax (CIT), and value added tax (VAT). Furthermore, we’ll show which tax gap would be the most efficient to tackle. So as Rutger Bregman at the World Economic Forum 2019 advised, we need to: “start talking about taxes.”
Source: summitto.com
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