Boundless growth of digital economy creates need for tighter tax supervision

With web-based international sales of goods and services now growing at an explosive rate, is the EU doing enough to keep track of VAT payments?

The Netherlands Court of Audit is currently performing a joint audit with its sister organisations, in order to find out how the European tax authorities are tackling this problem. And it’s a vital issue, given the huge amounts of money involved, claims Board member Francine Giskes in an article published in the Dutch financial daily, Financieele Dagblad, on 21 March.