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EU VAT reform, hit or miss

EU VAT reform, hit or miss
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The major reason showing urgent need for an extensive VAT reform was the European Commission Study which revealed that EU Member States lost € 152 billions in VAT revenues during 2015. Around € 50 billion of the VAT gap is estimated to be due to cross-border VAT fraud, which is believed to finance criminal organisations […]

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Ending money laundering in Europe: Does the “beneficial owner register” deliver?

Ending money laundering in Europe: Does the "beneficial owner register" deliver?
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Subsequently, under the new directive, Member States are expected to ensure that corporates and other legal entities incorporated within their territory obtain and hold adequate, accurate and current information on their beneficial owners, namely their true owners, including the details of the beneficial interests held. Such information should be held on a central register, such […]

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