- EU anti-fraud agencies are advocating for access to real-time VAT information to support a proposed tax data-sharing bill.
- They presented their case to EU envoys negotiating amendments to the 2010 VAT-fraud regulation.
- Some EU countries have raised concerns about jurisdiction and privacy regarding the agencies’ proposed access.
- The EU loses approximately €128 billion annually due to unrecovered VAT.
Source: news.bloombergtax.com
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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