Tax evasion and fraud threaten the European project

European Parliament Special committee on organised crime, corruption and money laundering with commissioner Algirdas Šemeta in charge of Taxation and Customs Union, Audit and Anti-fraud in the forefront, (European Parliament Audiovisual Services, 7/5/2013).

European Parliament Special committee on organised crime, corruption and money laundering with commissioner Algirdas Šemeta in charge of Taxation and Customs Union, Audit and Anti-fraud in the forefront, (European Parliament Audiovisual Services, 7/5/2013).

Tax evasion and avoidance has been a perennial issue from the moment taxation was invented. Presently the European Commission estimates that in the EU of 27 member states, tax avoidance and fraud runs up to €1 trillion yearly, more than enough to foot the bill of government deficits that plague the EU economy and have led to the present crisis of sovereign over indebtedness.

The government account consolidation effort undertaken in Greece, Spain, Portugal, Ireland, Italy and elsewhere in Eurozone, enforced through the application of draconian austerity programmes, threatens even to undermine the very concept of the European project alienating all those citizens who duly pay their taxes from the European ideal.

On this issue, Algirdas Šemeta, EU Commissioner responsible for Taxation and Customs Union, Statistics, Audit and Anti-fraud, speaking to the European Parliament Committee Economic Committee on Taxation/ Brussels said, that “Member States’ consolidation efforts, which need to be sustained, can only be accepted by our businesses and citizens if they are seen to be fair and equally shared. For that reason, it was essential to put more emphasis on tapping into the huge pot of uncollected taxes which escape the public purse through fraud or evasion”.

Tax evaders push for Grexit

Greece is the most striking example of that. All reports about the country’s economic woos have repeatedly stated the problem of the one-sided distribution of the huge load to straighten up the government’s balance sheet. For three years now the Greek austerity programmes are financed with severely increased taxation on those who traditionally duly pay their taxes, that is wage earners and pensioners. On top of that the same part of the population has endured large reductions of wages and pensions. So unfair has become the distribution of the cost to bring down the Greek fiscal deficits, that it has distorted the sociopolitical map of the country.

Greece is the only country with three or even four newly appearing or greatly strengthened extremist parties in the Parliament, practically favouring the exit of the country from the European Union. The Greek political spectrum was completely different some years ago with a regular Parliamentary representation of left and right inclined parties. The present picture contains an extreme right-wing almost fascist party and a left utterly populist political formation being represented in force in the legislative. This last one left formation has even gained second place in the popular vote, playing now the role of major opposition in the Parliament. All this distortion of the sociopolitical climate in the country is the direct outcome of three years of unfair distribution of the cost to cut down government deficits, through unfair tax burden distribution.

All the Greek governments over the last thirty crisis years and even during the last crisis period didn’t touch the almost totally escaping from taxation market services sector, the professional and the small businesses. In reality Greece came close to a complete economic and political collapse without having yet avoided it altogether, exactly because of this complete distortion of the tax burden. In the core of this deplorable situation there is a lack of political will to reverse this catastrophic prospect.

All over the EU

According to Algirdas Šemeta this Greek distortion is present in varying degrees all over Europe. Speaking yesterday to the European Parliamentary Committee on Economics he said, “Up to now, I’m afraid that the appetite for full and unreserved coordination (to effectively counter tax evasion and fraud) has been lacking amongst the Member States. And as a result, fraudsters and evaders have been able to use our Single Market as a playground for their activities”.

Still the European Commission tries to reverse this. Towards this end Algirdas Šemeta also stressed “It is the reason for the EU Action Plan against tax fraud and evasion, which I brought forward last December. If fully implemented, this Action Plan can dramatically improve our chance of eliminating these pervasive problems, and return hundreds of billions of euro back to the public purse”.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Energy security: The synchronisation of the Baltic States’ electricity networks – European solidarity in action

Germany is the world’s most innovative economy

Somalia: UN congratulates Puntland region’s newly-elected President

Multilateralism more vital than ever, as World War centenary looms: Security Council

Tuesday’s Daily Brief: funding for Palestine refugees, families today, tech surveillance

Europe and UN form bulwark against ‘might makes right’ worldview, EU foreign affairs chief tells Security Council

Why European manufacturing SMEs in the South face fatal dangers

World Bank President steps down, Chief Executive assumes temporary role

Commission adopts €4 billion investment package for infrastructure projects across 10 Member States

3+1 issues to haunt tomorrow’s EU Summit

IMF’s Lagarde indirectly cautioned Eurozone on deflation

7 amazing ways artificial intelligence is used in healthcare

The inhumane face of crisis mirrored in numbers

CDU-SPD agree the terms for EU’s Banking Union

Seize the opportunities of digital technology to improve well-being but also address the risks

Backed by UN agency, countries set to take on deadly livestock-killing disease

Access to health in the developping world

China is sending science students to live with rural farmers – and crop yields are skyrocketing

Forward Agenda: What can we expect from 2019?

Protecting farmers and quality products: vote on EU farm policy reform plans

Presentation of Juncker’s Investment Plan: Can 315 billion euros save the EU?

Hungary: people born in the 2020s won’t have legal rights any more to buy tobacco

Drawing scenarios for drifting Britain; elections or May’s deadlock?

How the digital economy is shaping a new Bangladesh

A Sting Exclusive: “On the road to Japan-EU Economic Partnership Agreement”, by Ambassador Katakami of the Japanese Mission to the European Union

Food safety: New rules to boost consumer trust approved by MEPs

UN space-based tool opens new horizons to track land-use on Earth’s surface

Why growth is now a one way road for Eurozone

When did globalization begin? The answer might surprise you

Putin becomes the ‘perfect enemy” for the West

These countries have the most expensive childcare

A third of world’s out-of-school youth live in conflict, disaster-affected countries: UNICEF report

Human rights chief calls for international probe on Venezuela, following ‘shocking accounts of extrajudicial killings’

Italy solves the enigma of growth with fiscal consolidation: The Banking Union

We are witnessing a revolution in genomics – and it’s only just begun

Europe bewildered by radicalisation and terrorism

At Arab League Summit, Guterres reaffirms strong link between UN and people of Arab world

JADE Spring Meeting 2017– day 1: Excellence awards, panel discussion, keynote speeches

How to fight back against misinformation and polarization

COP21 Breaking News_08 December: Cities & Regions Launch Major Five-Year Vision to Take Action on Climate Change

Cyclone Fani hits India, UN moves to protect vulnerable refugees in Bangladesh

International World Summit Award calls for outstanding digital applications with impact on society from 178 UN member states

Britain aligns with EU rivaling US on trade and Iran, abandons bilateral ‘Midsummer Night’s Dream’

Although Greece is struggling to pay salaries and pensions Varoufakis is “optimistic”; the Sting reports live from EBS 2015

‘Endemic’ sexual violence surging in South Sudan: UN human rights office

Ocean life faces ‘onslaught of threats’ from human activity, but tools exist to save it

Safer roads: More life-saving technology to be mandatory in vehicles

Thai cave boys spared thundershowers, highlighting extreme climate disruption: UN weather agency

On International Day, UN stands in solidarity with some 20 detained staff

‘No hope’ global development goals can be achieved without women, says UN Assembly President

To tackle climate change, we need city diplomacy

AI could be a silver bullet for healthcare in ASEAN

IMF to teach Germany a Greek lesson

UN chief condemns attack targeting international forces in northern Mali

Why we need a moderate approach to moderating online content

UN Human Rights chief urges Venezuela to halt grave rights violations

“A divided Europe is not in China’s interests”, Ambassador Zhang of the Chinese Mission to EU welcomes Brussels

Central Africa: Security Council concerned by ‘grave security situation’, calls for better agency cooperation

Who cares more about taxpayers? The US by being harsh on major banks or the EU still caressing them?

Not faith, ‘but those who manipulate the faithful’ driving wedge between religions, UN-backed forum in Baku told

More Stings?

Comments

  1. You are so awesome! I do not believe I have read
    a single thing like that before. So good to find somebody with some unique thoughts on this subject.
    Really.. thank you for starting this up. This website is something
    that is required on the web, someone with a little originality!

  2. Awesome things here. I’m very satisfied to look
    your article. Thank you so much and I am looking forward to contact you.
    Will you kindly drop me a mail?

  3. It’s going to be end of mine day, except before finish I am reading this great piece of writing to
    improve my experience.

  4. Good day I am so grateful I found your weblog, I really found you
    by accident, while I was researching on Google for something else,
    Anyhow I am here now and would just like to say many thanks for a tremendous post
    and a all round enjoyable blog (I also love the theme/design), I don’t
    have time to read it all at the moment but I have bookmarked it and also added your
    RSS feeds, so when I have time I will be back to read
    a lot more, Please do keep up the excellent jo.

  5. Nice post. I learn something totally new and chalenging on websites I stumbleupon every day.
    It will always be useful to read artiicles from other authors aand practice a little something from other websites.

  6. It’s going to be end of mine day, however before ending I am
    reading this enormous piece of writing to increase my knowledge.

  7. I’m gone to convey my little brother, that he should also go to
    see this blog on regular basis to take updated from most
    up-to-date reports.appletvcluster.com (Gita)

  8. Thanks for the good writeup. It in fact was a
    entertainment account it. Look complicated to
    more brought agreeable from you! However, how can we keep in touch?

  9. Marvelous, what a weblog it is! This blog gives valuable information to us,
    keep it up.

  10. I am truly thankful to the owner of this website who has shared this enormous piece off writing at
    here.

  11. I do trust all off the ideas you’ve introduced for your
    post. They’re very convincing and can certainly work.
    Still, the posts are too quick for novices. May just you please prolong them a
    little from next time? Thank for the post.

  12. Its like you red my mind! You seem to know so much about this, like you wrote tthe book in iit or something.
    I think that you can ddo with some pis to dive the message
    home a bit, but instead off that, this is fantastic blog.
    A fazntastic read. I’ll certainly be back.

  13. I am really enjoying the theme/design of your site. Do you
    ever run into any browser compatibility issues? A couple of my
    blog readers have complained about my website not working correctly in Explorer but looks great in Safari.
    Do you have any advice to help fix this problem?

  14. Magnificent goods from you, man. I have understand
    your stuff previous to and you are just extremely great.
    I really like what you’ve acqired here, certainly like what
    you are stating and the way in which you say it.

    You make it entertaining and you still take care of to keep it
    sensible. I can’t wait to read far more from you. This is actually a wonderful site.

  15. Marvelous, what a weblog it is! This weblog gives useful data to us, keep it up.

  16. Wow, this piece of writing is nice, mmy younger sister is
    analyzing these kinds of things, thus I am going too inform her.

  17. Thanks for some other informative web site.
    Where else could I gett that kind of info written in such a perfect manner?

    I have a project that I am simply noow operating on, and I
    have been at the look out for such info.

  18. I do not know whether it’s jusxt me or if everybody else experijencing issues with your website.
    It looks like some of tthe text within your content are running off the screen. Caan somebody else plese
    provide feedback and llet mee know iff this is happenig to them as well?
    This could be a problem with my browser because I’ve had this happen previously.
    Many thanks

  19. Hello I am so happy I found your website, I really found you by error,
    while I was searching on Google for something else, Anyhow I am here now
    and would just like to say kudos for a remarkable post and a all
    round exciting blog (I also love the theme/design), I don’t have
    time to read it all at the minute but I have book-marked it
    and also included your RSS feeds, so when I have time I
    will be back to read much more, Please do keep up the superb work.

  20. Stunning! You do not come by data similar to this quickly and that I am not so ungrateful!
    Keep it-up guys!

  21. This blog provides just valuable information and I am checking to it-this instant!

    Thanks folks!

  22. I am basically pleased with this blog and that I desired to take some time to thank you from my heart’s underside!

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s