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Europe Daily Bulletin No. 9731

3 September 2008
Contents Publication in full By article 19 / 26
GENERAL NEWS / (eu) ep/taxation
EP supports taxing intra-Community supplies in attempt to step up fight against VAT fraud

Brussels, 02/09/2008 (Agence Europe) - On Tuesday 2 September, the European Parliament adopted the own-initiative report of British Liberal, Sharon Bowles, on a coordinated strategy for fighting tax evasion. This phenomenon is estimated to cost more than €200 billion a year, a quarter of which stems from value added tax (VAT) fraud. It is therefore approving the position of its economic and monetary affairs committee and calling for a 15% fixed tax rate for intra-Community supplies (EUROPE...

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