The Resource Carousel fraud and digital VAT

Carousel fraud and digital VAT

Label
Carousel fraud and digital VAT
Title
Carousel fraud and digital VAT
Creator
Subject
Language
eng
Summary
The future of VAT is digital. In the foreseeable future all VAT processes will be automated. VAT determinations, collection, the remission of funds, as well as all reporting, audit, and refund activities will be digitised. Certified proprietary and third party software systems will perform all critical VAT functions for large and small taxpayers at minimal cost under real-time compliance conditions. Government-to-government information exchange will be immediate. The EU is transitioning to a Digital VAT now. Analogous, fully digital consumption tax systems are already in place and functioning in the area of retail sales tax in a number of American jurisdictions
Citation source
In: Tax planning international review. - London. - Vol. 33 (2006),
http://library.link/vocab/creatorName
Ainsworth, R.T
Geographic coverage
European Union
Language note
English
http://library.link/vocab/subjectName
  • carousel fraud
  • VAT
  • automation
Label
Carousel fraud and digital VAT
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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