EU Pledges Strong Support for Ukraine: Air Defenses and Military Aid Accelerated
European leaders have reaffirmed their unwavering commitment to Ukraine, pledging urgent assistance to bolster the nation's defense capabilities
On 22 June 2018, the Council agreed on measures to strengthen administrative cooperation in order to improve the prevention of VAT fraud.
The proposed regulation addresses the most widespread forms of cross-border fraud.
It sets out to:
It also introduces new instruments for cooperation such as administrative enquiries carried out jointly.
“Improving cooperation between our tax administrations is essential if we are to clamp down on tax fraud. Unacceptably high amounts of VAT revenue are being lost, and this directive will help fix the problem.”
Vladislav Goranov, minister for finance of Bulgaria, which currently holds the Council presidency
According to the Commission, an estimated €150-160 billion of tax revenue is lost annually due to shortcomings in the VAT system, including fraud. The Commission's proposal indicates that about €152 billion was lost in 2015.
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European leaders have reaffirmed their unwavering commitment to Ukraine, pledging urgent assistance to bolster the nation's defense capabilities
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