A new study published by the European Commission has found that EU countries lost almost €150 billion in Value-Added Tax (VAT) revenues in 2016 despite the Member States having carried out significant work to improve VAT collection.

The Commission's head of Economic and Financial Affairs, Taxation and Customs Affairs, Pierre Moscovici, said the figures show that reform of the current EU VAT system combined with better cooperation at EU level is needed so that each of the bloc's members can ma...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now