Austria: Tax Fraud on the Rise

Politics ♦ Published: October 3, 2012; 23:57 ♦ (Vindobona)

VAT evasion will come at € 2.3bn year, experts say. This is an increase by 5%.

Austria: Tax Fraud on the Rise / Picture: ©

According to the economist Friedrich Schneider (Kepler University Linz), tax fraud is becoming a more and more important issue. Schneider estimates that the size of VAT evasion comes at € 2.3bn this year. Since 2001, the size of tax fraud has doubled, the economist says.

In the EU, VAT evasion almost reaches € 100bn, Schneider says and suggests to impose the VAT at the end…

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