the countries of the European Union (EU) failed to raise 178,000 million (159,500 million euros) in 2014 due to fraud and tax evasion, revealed yesterday the European Commission (EC).
on average, the 28 member states of the EU lost 14% of total tax which provided raise in the evaluated year.
the size of the gap between estimated and actual revenue values from the Value Added tax (VAT) varies greatly among the 28, with a difference of 37.9% in Romania and only 1.2% in Sweden.
in absolute terms, the largest amount of tax not collected in 2014 was recorded in Italy, of 36,900 million euros (41,100 million dollars), while the lowest corresponded to Luxembourg, 147 million euros (164 million dollars).
the situation has improved compared to 2013, when the EU lost 2,500 million euros more than in 2014 in uncollected taxes.
However, the latest figures remain “unacceptably high”, according to the EC. European Commissioner for Economic Affairs, Pierre Moscovici, called the situation “unacceptable” and urged the Europeans to agree on a new VAT system Europe-wide, as proposed by the EC in April countries.
“The current regime it is ill-equipped to deal with the problems of VAT fraud and miscalculations. It is clear that the figures will not improve itself, “he said.
” Only substantial progress will be achieved if member countries agree to render the current VAT system simpler, more resistant to fraud and easier to use for entrepreneurs, “he said.
” Our Member States are losing tens of millions in VAT revenue forgone “and” unacceptable “, the Commissioner for economic affairs, Pierre Moscovici, complains about the amount that has been reduced in the last year but continues to exceed the annual budget of the European Union. He said the current system does not address the fraud and miscalculations and hence the need for reform, as proposed by the EC in April. The figures are still impressive: almost 160,000 million euros less raised by European farms
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