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Europe Daily Bulletin No. 8692

24 April 2004
Contents Publication in full By article 14 / 35
GENERAL NEWS / (eu) eu/taxation
VAT fraud represents 10% of revenue, according to Commission, which proposes to protect Community interests with anti-money laundering instruments

Brussels, 23/04/2004 (Agence Europe) - The European Commission is planning to use information on suspicious financial transactions, collected in the fight against money laundering, to protect the Community's financial interests. In its latest report on administrative co-operation in the fight against VAT fraud, it announced that it is preparing a regulation proposal introducing new legal instruments for administrative assistance, in order to step up the fight against VAT and structural funds...

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