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Europe Daily Bulletin No. 9660

15 May 2008
Contents Publication in full By article 12 / 38
GENERAL NEWS / (eu) eu/ecofin
Further failure by Ecofin Council on launch of pilot project for VAT reverse charge to tackle tax fraud

Brussels, 14/05/2008 (Agence Europe) - On Wednesday 14 May, European Finance Ministers once again failed to reach a unanimous decision on launching a pilot project allowing Austria to test a value added tax (VAT) reverse charge mechanism to tackle tax fraud more effectively. As at their March meeting, they were unable to adopt conclusions on the best way to tackle fraud which costs the European Union almost €200 million (see Europe 9615). The Slovenian Presidency deemed that there was no...

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GENERAL NEWS