How is fraud across the EU being tackled?
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‘Carousel’ tax fraud scheme took millions of dollars: CRA
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349K views · 941 reactions | 50 billion EUR is stolen by criminals in the EU every year due to VAT carousel fraud. To #StopTheCarousel, we propose concrete actions to improve cooperation between anti-fraud experts, tax and law enforcement authorities. | European Commission | Facebook
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The VAT system in the EU is outdated and exploited by fraudsters and criminals. It is estimated that around €50 Billion is lost due to VAT cross-border carousel fraud. We want to fix this and if you make your voice heard it can happen faster. We have a plan! Find out more: ec.europa.eu/single-vat-area | European Commission
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