Slovakia could generate an additional 0.9 percent of GDP in tax revenues by bringing the efficiency of its value-added tax system into line with the EU average, the International Monetary Fund has said in its Article IV report. Read Full Story
Belgian pension funds have urged the Government to withdraw from the proposed European Union financial transaction tax, warning that the tax could "devastate" the industry.Read Full Story
The tax-to-GDP ratio in the European Union remained stable in 2015, while the ratio in the Eurozone was down slightly on the previous year. Read Full Story
The European Union statistics agency, Eurostat, has released new figures concerning member states' tax revenue collections and their tax mixes for 2015.Read Full Story
On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries.Read Full Story
OECD Secretary General Angel Gurría has stressed the need for policy makers to provide a certain tax environment for businesses, to maintain trade and investment.Read Full Story
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