Why Is Slovakia the EU’s Main Hub for VAT Fraud and Criminal Money Flows?

• Slovakia is linked to one in three VAT fraud cases in the EU, making it a central hub for such criminal activity.
• Criminal proceeds from VAT fraud in Slovakia are often invested in other illegal activities like drug, human, and weapons trafficking.
• Over 4,700 suspicious companies connected to 172 ongoing VAT fraud investigations have links to Slovakia.
• VAT fraud costs the EU an estimated €50 billion annually, with Slovakia playing a disproportionately large role given its small population.
• The fraud diverts money from public services, distorts markets, and undermines the rule of law in the EU.

Source: dw.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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