Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-05-Speech-3-950"

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"− The Commission’s proposal offers Member States the means to combat cross-border VAT fraud effectively by supplementing and amending the current regulation, and creating a legal basis for targeted cooperation in order to combat fraud: Eurofisc. Tax fraud has serious consequences for national budgets, leads to violations of the principle of fair taxation and is liable to bring about distortions of competition. Neither should we forget that public authorities have an obligation to compensate for the loss of revenue involved by putting greater fiscal pressure on companies which abide by tax rules. The fight against tax fraud across the EU must complement the action of the Member States. The draft regulation aims not only to allow VAT to be calculated correctly, but also to monitor its correct application, particularly with regard to intra-Community transactions, and combat VAT fraud. In general terms, several improvements are introduced relating to the exchange of information, namely, an improved definition of the cases in which Member States may carry out an administrative investigation, including measures to remedy the failure to carry out an investigation."@en1

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