3 Amendments of Jakob von WEIZSÄCKER related to 2016/2033(INI)
Amendment 10 #
Motion for a resolution
Recital E
Recital E
E. whereas the current VAT system is vulnerable to fraud and, the estimated 'VAT gap' amounts to around EUR 170 billion annually, and better digital technologies are becoming available to help reduce this shortfall;
Amendment 18 #
Motion for a resolution
Recital F
Recital F
F. whereas the high administrative costs incurred under the present VAT system, especially with regard to cross- border transactions, could be significantly reduced for small and medium-sized enterprises in particular through the necessary, including by means of employing digital refpormting tools and common databases;
Amendment 63 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Encourages the Commission and government agencies to explore and test new technologies, such as distributed ledger technology and real time supervision as part of a RegTech agenda with a view significantly to reduce the existing and significant 'VAT gap' in the Union;