VOICE-OVER: VAT carrousel fraud is a big problem in the EU.
Smart criminal organisations working in ever-changing networks
are using devious methods to rob EU member states
of tens of billions of euros every year.
They are doing major damage to society and distorting competition.
The money is used to finance other criminal activities, maybe even terrorism.
So, there's every reason to take tough action.
Criminals committing carrousel fraud
pocket the VAT they charge to their customers.
The fraud takes many forms and is constantly changing.
In the Netherlands and the EU, we are already taking many measures
to stop carrousel fraud and stamp it out wherever we find it.
With clever detection and an IT tool that gets to the root of data networks,
we can identify the criminals better and faster.
We're making sure that VAT is paid to the proper authorities,
and honest businesses and tax payers are not disadvantaged.
The Netherlands believes all countries must work together
by sharing information about fraud networks and analysing it using the IT tool.
This new technology can give us a decisive edge
in the fight against VAT carrousel fraud.
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