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European Council Agrees on Draft Regulation for Administrative Cooperation to Prevent VAT Fraud

|Proposed Changes|European Union
European Union

On 22 June 2018, the Economic and Financial Affairs Council of the European Union agreed on a draft regulation to strengthen administrative cooperation in order to improve the prevention of VAT fraud. As noted in a release on the agreement, the regulation sets out to:

  • Improve the exchange and analysis of information shared by the member states' tax administrations and with law enforcement bo…

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