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A committee is permitted to organise a hearing with experts, where this is considered essential to its work on a particular subject. Hearings can also be held jointly by two or more committees. Most committees organise regular hearings, as they allow them to hear from experts and hold discussions on the key issues. On this page you will find all the available information relating to committee hearings, including programmes and contributions from speakers.

28-06-2018 - The use of tax frauds – including VAT or carousel fraud – to finance terrorism

TAX3 TERR 12-09-2018 - 17:55
Joint Hearing of the TAX3 Special Committee / TERR Committee on “The use of tax frauds –including VAT or carousel fraud- to finance terrorism”

TAX3 and TERR Special Committees will hold a joint public hearing on “The use of tax frauds – including VAT or carousel fraud – to finance terrorism" on 28 June 2018.

Tax fraudsters move money from the white market to the shadow/black market including via VAT carousel frauds which can be run at a small low-cost-scale. Various investigations and studies have shown that VAT fraud is used to channel profits towards terrorism activities.

Carousel fraud itself is not a recent development, however the current VAT features (namely self-assessment) are taken advantage of to establish a network of shell companies that result in VAT not being paid.

Enforcement and cooperation are key to tackle this source of financing terrorism. They face particular challenges that need to be understood and addressed.

Location : Paul-Henri Spaak (PHS) 1A002

    Biographies of the speakers

Bo Elkjaer, investigative reporter Danish Broadcasting Corporation

      Reply to written questions
      Verbatim report (transcription)

Elena Hach, representative of the Romanian General Attorney Office in the Board of the FIAU

      Study case
      Presentation
      Reply to written questions

Marius-Cristian Frunza, Director with Schwarzthal Kapital

      Presentation
      Reply to written questions