EU countries still losing billions in VAT due to fraud
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EU member states lost almost 150 billion euros (177 billion dollars) in Value Added Tax revenues in 2016, with a third of that estimated to be due to fraud, the European Commission announced on Friday. VAT is a consumption tax charged on most goods and servicEU countries still losing billions in VAT due to fraud
EU member states lost almost 150 billion euros (177 billion dollars) in Value Added Tax revenues in 2016, with a third of that estimated to be due to fraud, the European Commission announced on Friday. VAT is a consumption tax charged on most goods and services and is an important contribution to national budgets helping […] Read more