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"
- European Commission Sets 2026 VAT in the Digital Age Implementation Plan
- ATA Carnet Goes Digital from June 1, 2026
- EU Sees €5 Billion Annual Revenue from Bloc-Wide Digital Tax
- EU Eyes Green VAT Reforms to Boost Donations and Circular Economy
- New EU Guidelines Clarify VAT and Union Status Rules for Boat Owners
