The Resource Third-party risks and liabilities in case of VAT fraud in the EU

Third-party risks and liabilities in case of VAT fraud in the EU

Label
Third-party risks and liabilities in case of VAT fraud in the EU
Title
Third-party risks and liabilities in case of VAT fraud in the EU
Creator
Subject
Language
eng
Summary
This article focuses on the position of a third party, who somehow gets entangled into the myriad of transactions that form what is generally referred to as carousel fraud. First, a basic description is provided of the design of a carousel fraud, then a closer look is taken to how some individual member states of the EU have tried to combat this type of fraud. Finally, the latest developments in case law of the European Court of Justice and the acceptance of the principle of abuse of law and of joint and several liability are discussed, especially the severe consequences these concepts have on the position of a third party entangled in such a fraud scheme but acting in good faith
Citation source
In: International tax journal. - Chicago. - Vol. 34 (2008),
Geographic coverage
Europe
Language note
English
Label
Third-party risks and liabilities in case of VAT fraud in the EU
Instantiates
Publication
Label
Third-party risks and liabilities in case of VAT fraud in the EU
Publication

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