Study on “VAT fraud: economic impact, challenges and policy issues”
Today, Ms Marie Lamensch (Vrije Universiteit Brussel) will present the findings of her study on ‘VAT fraud: economic impact, challenges and policy issues’ to the TAX3 Committee Members. The study describes the key features of the main VAT fraud schemes, assesses the current regulatory framework and the proposals under discussion, and offers a selection of recommendations to tackle VAT fraud, which accounts for billions of euro of lost tax revenue annually.
Later on, the TAX3 members will hold an exchange of views with Ms Fabrizia Lapecorella, Chair of the Code of Conduct Group (Business Taxation). The TAX3 Committee has within its remit to assess the methodology, country screening and impact of the EU list of non-cooperative jurisdictions for tax purposes (EU blacklist of tax havens), the removal of countries from the list, and the sanctions adopted towards listed countries.
The Code of Conduct Group plays a crucial role in monitoring the commitments of the listed jurisdictions. The purpose of the exchange of views will be to discuss the work of the Code of Conduct Group, notably as regards the EU list of non-cooperative tax jurisdictions, potential aggressive tax measures in the EU and the transparency and reform of the group.