The EU has a trade surplus of 307 billion euros with itself, but if all imports and exports were correctly recorded, this would have to be zero. Measurement errors alone cannot explain this systematic deviation. Rather, massive sales tax fraud seems to be a cause that costs the EU countries 30 to 60 billion euros per year. This is shown by a data analysis by the Kiel Institute for the World Economy (IfW Kiel) and the Ifo Institute in Munich.
Source
Latest Posts in "European Union"
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform
- VAT on Transfer Pricing Adjustments: Importance of Detailed Documentation in Court Rulings
- VAT and Transfer Pricing: ECJ’s Arcomet Decision Clarifies Intra-Group Service Remuneration and VAT.
- E-Invoicing in the EU: Tax Authorities’ Data Use and Its Impact on Businesses
