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Author:
Publisher:
ISBN: 9789287238160
Category : Tax evasion
Languages : en
Pages : 54
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Book Description
"Every year, the European Union loses billions of its VAT revenues through the activities of organised crime. Because exports of goods and services from one EU Member State to another are exempt from VAT, criminals can fraudulently evade VAT in the Member State of destination. The result is lost revenue for the countries concerned as well as for the EU. This report examines how well the EU is tackling intra-Community VAT fraud. We found weaknesses which indicate that the current system is not effective enough. These weaknesses need to be addressed. It is time to be tough and take more decisive action."--Publisher's description.
Author:
Publisher:
ISBN: 9789287238160
Category : Tax evasion
Languages : en
Pages : 54
Get Book Here
Book Description
"Every year, the European Union loses billions of its VAT revenues through the activities of organised crime. Because exports of goods and services from one EU Member State to another are exempt from VAT, criminals can fraudulently evade VAT in the Member State of destination. The result is lost revenue for the countries concerned as well as for the EU. This report examines how well the EU is tackling intra-Community VAT fraud. We found weaknesses which indicate that the current system is not effective enough. These weaknesses need to be addressed. It is time to be tough and take more decisive action."--Publisher's description.
Author:
Publisher:
ISBN: 9789287238566
Category : Tax evasion
Languages : en
Pages : 54
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Book Description
Author: Richard Thompson Ainsworth
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In a May 31, 2006 Communication to the Council, the European Parliament, and the European Economic and Social Committee, the European Commission indicated a need to develop a coordinated strategy to improve the fight against fiscal fraud [COM (2006) 254 final]. Although the Communication considers fiscal fraud broadly (VAT, excise duties and direct taxes) the most pressing need seems to be for a VAT strategy that will effectively deal with carousel fraud. This paper considers thirteen proposals that deal with missing trader intra-community fraud (MTIC): (1) Common VAT (origin system) (2) Vanistendael's foreign tax offices proposal (3) CVAT (Compensating VAT) (4) VIVAT (Variable Integrated VAT) (5) Dual VAT - HST version (6) Dual VAT - QST version (7) PVAT (Prepaid VAT) (8) Mittler Model (9) Reverse charge model - with input tax settlement (10) Reverse charge model - with joint and several liability (11) Pay first model - non-cash payment (trust account) (12) Pay first model - cash payment (tax stamp system) (13) Digital VAT - D-VAT.
Author: Richard Thompson Ainsworth
Publisher:
ISBN:
Category :
Languages : en
Pages : 6
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Book Description
On Thursday, March 29, 2007 the European Commission, Directorate-General for Taxation and Customs Union, will host a one-day Conference on Fiscal Fraud - Tackling VAT Fraud: Possible Ways Forward. The conference is based on the Communication of May 31, 2006 explaining the need to develop a coordinated strategy to improve the fight against fiscal fraud. This paper indicates that the EU examination of carousel fraud points the way forward for advocates of a US VAT as well. About 40% of EU VAT fraud appears to be 'missing trader intra-community' (MTIC) or carousel fraud. The best estimates of EU losses to carousel fraud are put at 23 billion euros annually. UK studies put domestic losses from carousel fraud at 2.98 to 4.47 billion euros.Fraud concerns understandably resonate deeply among American advocates of a federal level VAT in the US. It needs to be taken into consideration that inserting a national credit-invoice VAT into the US fiscal fabric would be to set out the welcome mat for an American carousel fraud, as well as the more traditional VAT frauds. The vulnerability of a US VAT to carousel fraud is a direct result of the American tendency for national, state and local tax systems to 'piggy backing' on one another is taken into account.
Author: Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher: The Stationery Office
ISBN: 9780215018847
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Traders may not pay the correct amount of Value Added Tax (VAT) for a number of reasons including error, deliberately understating their VAT liabilities or through systematic attacks on the VAT system, with an estimated £11.9 billion lost in VAT in 2002-03. Following on from the NAO's report (HCP 357, session 2003-04; ISBN 0102927375), the Committee's report examines the scale of losses; ways of preventing and detecting fraud and other non-compliance; and methods of investigating and dealing with fraudsters. Findings include: there is scope for greater data sharing with the Inland Revenue to detect traders who are evading VAT by operating in the shadow economy (likely to be improved with the creation of the new revenue department); data sharing with other member states is particularly important in tackling missing trader fraud; more investigations and prosecutions for all types of VAT fraud would be cost effective; and Customs should make greater use of sanctions against under-declarations by accountants, lawyers and tax advisers, whilst working with the business community and professional bodies concerned to agree criteria for reporting and the remedial action expected.
Author: Cedric Andrew
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
A previous IMF Working Paper on value-added tax (VAT) refunds (WP/07/31, by Keen and Smith) describes the main forms of VAT noncompliance and concludes that VAT is susceptible to evasion and fraud like any other tax. This paper shows the insidious nature and extent of VAT refund fraud in selected EU countries and argues that this type of noncompliance requires tax administrations to adopt a coordinated strategy and deploy a range of countermeasures to combat this threat. Because such fraud is primarily a criminal legal issue, tackling it successfully will require cooperation, both internationally between VAT administrations and nationally between tax authorities and the judiciary. The paper’s focus is primarily on advanced economies in the context of the EU, but many of the recommendations are applicable to emerging market and developing countries. A separate IMF How to Note discusses managing VAT refunds in developing countries.
Author:
Publisher:
ISBN: 9789287238276
Category : Fraud
Languages : en
Pages : 54
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Book Description
Author: Willem Geelhoed
Publisher: Springer
ISBN: 9462652163
Category : Law
Languages : en
Pages : 198
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Book Description
This book provides answers to the following questions. Is there a bright future aheadfor a European Public Prosecutor’s Office? If so, is the regulation establishing the officesufficiently clear and balanced to attain that goal? Moreover, will the office be able toeffectively fight fraud now damaging the EU's budget and will it respect the fundamentalrights of the parties involved? Included are issues ranging from EU substantive and procedural criminal law, combattingEU fraud, the distribution of competences in European law enforcement,EU fundamental rights, to forum choice. The book's aim is to inform academics,policy-makers and criminal law practitioners about key issues surrounding theattribution of prosecutorial powers to an entirely remodelled European Union body. Indoing so, it sheds light on this body, as fundamentally changed by the Council, whichwill undoubtedly have a greater impact on the European criminal justice system thanthe European Arrest Warrant ever did. Dr. Willem Geelhoed is Assistant Professor in criminal law and criminal procedureat the University of Groningen, The Netherlands, and Drs. Leendert H. Erkelensand Prof. Mr. Arjen W.H. Meij are both Visiting Research Fellow at the T.M.C. AsserInstituut in The Hague in The Netherlands, while the latter is also Honorary Professorat the University of Luxembourg.
Author: Michael Keen
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
Like any tax, the VAT is vulnerable to evasion and fraud. But its credit and refund mechanism does offer unique opportunities for abuse, and this has recently become an urgent concern in the European Union (EU). This paper describes the main forms of noncompliance distinctive to a VAT, considers how they can be addressed, and assesses evidence on their extent in high-income countries. While the practical significance of current difficulties in the EU should not be over-stated, administrative measures alone may prove insufficient to deal with them, and a fundamental redesign of the VAT treatment of intra-community trade required. The current difficulties in the EU largely reflect circumstances that would not apply in the United States.
Author: Groenhuijsen
Publisher: Martinus Nijhoff Publishers
ISBN: 9004636129
Category : Law
Languages : en
Pages : 142
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Book Description
In The Dutch Approach in Tackling EC Fraud the editors provide information about the Dutch criminal and administrative systems and about the way in which the Netherlands protects the financial interests of the European Community. The first part of this book consists of an overview of the Dutch criminal system by introducing its main participants: the judge, the public prosecutor, the police and the lawyer. Special attention is paid to administrative and penal sanctions. The second part examines the role of customs, the special enforcement agencies, the police of the Ministry of Justice and the Ministry of Agriculture involved in the fight against EC fraud, and the difficulties arising from administrative and judicial cooperation while protecting the financial interests of the EC.
