EU Fraud Watchdogs Make Their Case for VAT Information Access

Representatives of the EU’s two anti-fraud agencies have laid out how they would use value-added tax information in a bid to win approval for a tax data-sharing bill.

They made their pitch Wednesday in a presentation to EU envoys who are negotiating an amendment to the 2010 regulation governing VAT-fraud, a change that would give the agencies unprecedented access to real-time data.

Their proposed participation has raised jurisdictional and privacy concerns among some EU nations, according to people familiar with the matter.

The EU says it misses out on €128 billion ($149 billion) annually in unrecovered VAT ...