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Europe Daily Bulletin No. 12321

6 September 2019
Contents Publication in full By article 2 / 29
ECONOMY - FINANCE - BUSINESS / Taxation
€137 billion in VAT revenue lost in 2017
Brussels, 05/09/2019 (Agence Europe)

One hundred thirty-seven billion euros: that is the amount of value-added tax (VAT) revenue that EU countries lost in 2017 according to a new study published by the European Commission on Thursday, 5 September.

The overall VAT Gap—i.e., the difference between the expected VAT revenue and the amount actually collected—decreased slightly compared to 2016, dropping from 12.2% to 11.2%, which resulted in a decrease of €8 billion in nominal value (see EUROPE B12101A3).

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Contents

ECONOMY - FINANCE - BUSINESS
MONEY LAUNDERING: Commission outlines its new methodology for European 'blacklist' of high-risk third countries
TAXATION: €137 billion in VAT revenue lost in 2017
FINANCE: ESMA unveils framework for applying stress tests to harmonised investment funds in EU
SECTORAL POLICIES
ENVIRONMENT: European Parliament Committee will prepare an own-initiative report on new European plan to combat global deforestation
AGRICULTURE: EU largest world exporter in agri-food trade in 2018, according to Commission
TERRORISM: Eurojust launches new anti-terrorist register to facilitate ongoing investigations in Member States
DIGITAL: Roberto Viola announces forthcoming publication of guidelines on Audiovisual Directive
COHESION: Marc Lemaître's severe charge at European Parliament in face of the absorption of structural and investment funds
WOMEN: Commission discusses past and future projects with MEPs
INSTITUTIONAL
EUROPEAN COMMISSION: presentation Tuesday 10 September of 'von der Leyen' team
RULE OF LAW: sooner or later, Member States violating EU's fundamental values will suffer financial consequences, says Frans Timmermans
UNITED KINGDOM: London has still not made any substantial alternative proposal to agreement on an orderly Brexit, the Commission warns
EEAS: Mogherini announces five high-level appointments
EXTERNAL ACTION
TRADE: better communication on rules of origin would allow EU exporters to maximise benefits of trade agreements
WTO: Commission may conclude provisional arbitration agreements in event of Appellate Body being blocked
EASTERN PARTNERSHIP: Partnership is thinking about its future
MOLDOVA: EU and NATO call for stronger reforms
SOCIAL AFFAIRS
SOCIAL: list of names of rapporteurs in the European Parliament on 2021-2027 legislative dossiers takes shape
COURT OF JUSTICE OF THE EU
AGRICULTURE: Italy has not taken all necessary measures to prevent spread of Xylella fastidiosa bacterium
DIGITAL: telephone operators must transmit caller location information for 112 calls to authorities free of charge
PAYMENTS: Deutsche Bahn's payment practice is contrary to EU law, confirms Court
NEWS BRIEFS
COMPETITION: consultation on horizontal agreements exempted from the application of certain rules
SPACE: independent inquiry commission publishes its results on Vega launcher flight failure
JUSTICE: leaking phone numbers from Facebook
PARLIAMENT: European Parliament Civil Liberties Committee is not fully constituted
PARLIAMENT: European Parliament Education and Culture Committee still does not have a fourth vice-president
PORTUGAL: green light for early repayment of €2 billion in aid from EFSF fund
MIDDLE EAST: EU denounces further destruction in the West Bank
CITIES: mayors want a vice-president for urban policy in next European Commission