Governments all over the world have the same problem: there is a difference between the tax revenue collected and the tax revenue that should have been collected. This is called the tax gap. It is estimated that almost €1 trillion is lost on an annual basis within the European Union (EU) alone. In this blogpost we’ll discuss the gaps of different types of taxes; import duties, personal income tax (PIT) and corporate income tax (CIT), and value added tax (VAT). Furthermore, we’ll show which tax gap would be the most efficient to tackle. So as Rutger Bregman at the World Economic Forum 2019 advised, we need to: “start talking about taxes.”
Source: summitto.com
Latest Posts in "European Union"
- EU VAT Rate Changes in 2026: Key Updates for Finland, Lithuania, and Germany
- Amazon Phases Out Commingling: New FNSKU Barcodes Reshape Fulfilment and VAT Compliance
- Delayed EN 16931 Standard Leaves Businesses in Limbo – A Call for Urgent Action
- The EU Commission proposes new collaborative measures in view of ViDA
- How did the EU Member States implemented ”Domestic Reverse-Charge” (Art. 194 of the Directive 2006/112)?
