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VAT Report 2020: EU countries lost €140 billion in VAT revenues in one year
This year’s report of the “Study and Reports on the VAT Gap in the EU-28 Member States” revealed that in 2018 there was a loss of €140 billion in Value-Added Tax (VAT) revenues across EU countries. The VAT Gap is the difference between the expected VAT revenue and the amount collected. So, in 2018 the…