Brussels urges EU states to shut down tax fraud ‘carousel’

In the framework of its strategy to combat tax evasion and fraud ( IP/06/697 ), the European Commission adopted a proposal in August 2009 for a recast of the Regulation on administrative cooperation in the field of valued added tax, extending and reinforcing the legal framework for the exchange of information and cooperation between tax authorities.

One of the key elements of the proposal is the creation of a legal base to set up Eurofisc: a common operational structure allowing Member States to take rapid action in the fight against cross border VAT fraud. The Commission today also adopted a report on the functioning of the administrative cooperation.

• Primary Source

European Commission: Press Release: IP/09/1239: Fight against tax fraud: Commission proposes measures for a more efficient cooperation between tax authorities http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1239&format=DOC&aged=0&language=EN&guiLanguage=en

EurActiv, 19.8.09: Commission to fight VAT fraud schemes http://www.euractiv.com/innovation-enterprise/commission-fight-vat-fraud-schem-news-222350

---