Wednesday, 5 March 2008

ECOFIN Finance ministers suspend VAT fraud talks until May

CNN is reporting from the ECOFIN meeting held on 4th March that EU finance ministers have suspended their talks on fighting VAT fraud until their May meeting at the earliest.

At a cost of €275 million per day, that will be another € 20 billion lost before they even discuss it again. The RTvat solution could be put in place quickly to stop these losses - all it takes is the political will.

For the full report, see www.cnbc.com/id/23465084