Brussels, 01/12/2008 (Agence Europe) - On Monday 1 December, the European Commission adopted a draft proposal to amend directive 2006/112/EC and step up the fight against value added tax (VAT) fraud (EUROPE 9770 and 9667). This proposal is the first in a raft of measures that the European institution is developing in a specific action plan.
According to current rules, the import of goods is exempt from VAT when it is followed by a transfer of these goods to another Member State. This...