Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-271"

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"en.20081203.20.3-271"2
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"The report in question is particularly important due to the fact that it introduces mechanisms aimed at eliminating or reducing the opportunities for defrauding the budget by means of fraudulent intra-Community transactions liable for VAT. At the moment, annual losses generated as a result of carrying out fictitious transactions involving missing traders is estimated at EUR 100 million (16% of the EU’s actual resources). Reducing the deadlines both for collecting information and exchanging it between the Member States’ tax authorities can help to improve monitoring of transactions of this type. According to an approved amendment to the report in question, put forward by the Commission, the tax authorities in the Member States will be connected to a shared database where details will be registered of the physical persons behind the missing traders responsible for carrying out fraudulent transactions of this nature. This will deter these traders from continuing to set up other companies anywhere in the whole of the European Union, and not just in a single Member State, as happens at the moment. This will be achieved as they will be identified in real time when a check is run on the database and also because the information will be sent to the commercial register to which the application for registering a new company has been made."@en1

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1http://purl.org/linkedpolitics/rdf/English.ttl.gz
2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz
3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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