- European Chief Prosecutor Laura Kövesi is warning about the EU’s lenient approach to VAT fraud, stating that perpetrators of large-scale schemes face minimal risk. Despite the European Public Prosecutor’s Office having a substantial budget and numerous ongoing investigations four years after its establishment, Kövesi expresses dissatisfaction with the progress in tackling this issue. She emphasizes that VAT fraud is a significant source of other criminal activities due to the low risk of detection and that many governments underestimate its threat, highlighting the necessity for improved cooperation among European bodies to combat it effectively.
Source: fiscaalvanmorgen.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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