| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/01/857 (19.6.01) |
| Publication Date | 19/06/2001 |
| Content Type | News |
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On 18 June 2001 the European Commission proposed a regulation to strengthen cooperation between Member State tax authorities to combat fraud relating to value added tax (VAT), by removing outstanding obstacles to the exchange of information. The proposed regulation has three main objectives: to lay down clearer and binding rules governing the exchange of information, to provide for more direct contact between national anti-fraud agencies, and to facilitate more intensive exchange of information. The proposal thus aims to remedy the weaknesses identified in the Commission report on VAT fraud (see IP/00/115), as part of the new VAT strategy (see IP/00/615). In addition, the Commission proposed amending Directive 77/799/EEC concerning mutual assistance in the field of direct taxation so that Member States can exchange information concerning certain taxes levied on insurance premiums. |
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| Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/857&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Taxation |
| Countries / Regions | Europe |
