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VAT REPORT 2021: EU COUNTRIES LOST €134 BILLION IN VAT REVENUES
This year’s report of the “Study and Reports on the VAT Gap in the EU-28 Member States” revealed that in 2019 there was a loss of €134 billion in Value-Added Tax (VAT) revenues across EU countries. Though still extremely high, the ‘VAT Gap’ – the difference between expected revenues and the revenues actually collected –…