1 00:00:00,080 --> 00:00:04,040 VOICE-OVER: VAT carrousel fraud is a big problem in the EU. 2 00:00:04,200 --> 00:00:07,760 Smart criminal organisations working in ever-changing networks 3 00:00:07,920 --> 00:00:11,160 are using devious methods to rob EU member states 4 00:00:11,320 --> 00:00:14,480 of tens of billions of euros every year. 5 00:00:14,640 --> 00:00:19,280 They are doing major damage to society and distorting competition. 6 00:00:21,000 --> 00:00:26,040 The money is used to finance other criminal activities, maybe even terrorism. 7 00:00:26,200 --> 00:00:29,360 So, there's every reason to take tough action. 8 00:00:31,160 --> 00:00:33,200 Criminals committing carrousel fraud 9 00:00:33,360 --> 00:00:36,800 pocket the VAT they charge to their customers. 10 00:00:36,960 --> 00:00:41,200 The fraud takes many forms and is constantly changing. 11 00:00:41,360 --> 00:00:45,080 In the Netherlands and the EU, we are already taking many measures 12 00:00:45,240 --> 00:00:49,480 to stop carrousel fraud and stamp it out wherever we find it. 13 00:00:51,080 --> 00:00:56,000 With clever detection and an IT tool that gets to the root of data networks, 14 00:00:56,160 --> 00:00:59,520 we can identify the criminals better and faster. 15 00:00:59,680 --> 00:01:03,720 We're making sure that VAT is paid to the proper authorities, 16 00:01:03,880 --> 00:01:07,920 and honest businesses and tax payers are not disadvantaged. 17 00:01:08,080 --> 00:01:10,960 The Netherlands believes all countries must work together 18 00:01:11,120 --> 00:01:16,600 by sharing information about fraud networks and analysing it using the IT tool. 19 00:01:19,360 --> 00:01:22,480 This new technology can give us a decisive edge 20 00:01:22,640 --> 00:01:25,960 in the fight against VAT carrousel fraud. 21 00:01:26,120 --> 00:01:31,120 CLOSING MUSIC