The Resource Halting the horses : EU policy on the VAT carousel fraud in the EU emissions trading system

Halting the horses : EU policy on the VAT carousel fraud in the EU emissions trading system

Label
Halting the horses : EU policy on the VAT carousel fraud in the EU emissions trading system
Title
Halting the horses : EU policy on the VAT carousel fraud in the EU emissions trading system
Creator
Subject
Language
eng
Summary
The EU Emission Trading System (ETS) has been a major tool of the EU climate policy. Despite its significance, the EU ETS faces serious challenges regarding its function. One of the major issues that encumber its contribution in EU climate policy is VAT carousel fraud within it. This article examines the ways this type of swindle is conducted and its economic impact. It analyses the parameters that facilitate it and evaluates the responses of the EU and its Member States and mainly the introduction of the reverse change mechanism. It also highlights the need to implement some changes to the EU ETS, the VAT provisions, and the way the national tax authorities and the EU coordinate. Finally, it suggests the introduction of a real-time VAT collection mechanism that can be an effective and feasible solution
Citation source
In: EC tax review. - Alphen aan den Rijn. - Vol. 21 (2012),
http://library.link/vocab/creatorName
Efstratios, P
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • emission rights
  • VAT fraud
  • reverse charge mechanism
Label
Halting the horses : EU policy on the VAT carousel fraud in the EU emissions trading system
Instantiates
Publication
Label
Halting the horses : EU policy on the VAT carousel fraud in the EU emissions trading system
Publication

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