- EPPO says cross-border VAT fraud in the EU is much larger and more widespread than previously thought.
- Investigations found billions of euros in losses from schemes like MTIC and carousel fraud.
- Organized crime networks heavily use these fraud schemes across EU countries.
- EU authorities are considering giving EPPO and OLAF direct access to central VAT databases and Eurofisc data to improve detection and prosecution.
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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