Sunday, 28 November, 2021

Tax fraud: between 80 and 100 billion euros hidden


Journalist Justine Weyl goes into the details of tax fraud. Businesses are the biggest cheaters, especially with VAT fraud.

Tax fraud: between 80 and 100 billion euros hidden

In France, the fight against tax fraud is intensifying. It represents “between 80 and 100 billion euros“, Details the journalist Justine Weyl, on the set of the 20 Hours of France 2.“That’s roughly the equivalent of this year’s budget deficit [2019], she continues. This figure is an estimate since it is about hidden money. “More precise estimates should be presented in the coming weeks. The Prime Minister has mandated the Court of Auditors which is currently working on it“.

Financial arrangements, more difficult to track down

The biggest fraudsters are “businesses, including VAT fraud“, Explains the journalist. This fraud represents “80% of cases sent to justice“. Furthermore, “the European Commission estimates that it represents 9 billion euros in lost revenue for the French state“. But what worries the government the most are “financial arrangements“Because they are sophisticated and difficult to track down.