VAT fraud:
EC proposals will not solve the problem
UEAPME issued last week a position
paper on a proposal by the European Commission to create a "Quick Reaction
Mechanism" (QRM) to combat VAT fraud. Although cross-border VAT fraud hits both
Member States' budgets and honest companies, the suggested QRM is not a
suitable tool for solving the obvious problems associated with this issue,
wrote UEAPME. In fact, this mechanism focuses exclusively on reacting to fraud,
which is not sufficient to control it. According to UEAPME, a proactive
approach is needed, including the fast and effective exchange of information
between Member States, more manpower and better technical equipment for the relevant
tax authorities. Moreover, the EC suggestion to authorise Member States to
introduce country-specific measures could make matters worse and lead to "fraud
wandering" across the EU. Against this background, UEAPME rejected the EC
proposal.
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