1 Amendments of Sharon BOWLES related to 2008/2026(BUD)
Amendment 5 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Notes that an estimated EUR 40 billion are lost every year due to VAT fraud; calls for a pilot project to explore the potential of reducing carousel fraud and other shortcomings in the VAT payment cycle; considers that that pilot project should, in particular, explore the possibility of moving the point of taxation from the invoicing to the settlement stage, using an automated intra-EU VAT- collection system;