Talks & activities
50 years EU customs union
Activity: Participating in OR organising an event › Academic
29 Oct 2018
Furthermore, constant changing trade environment and foreign policies, rising risks of protectionism, increase of national embargoes and sanctions lead to some times obscure legal and political constellations such as the extraterritorial application of foreign legislation and the EU blocking regulation. This can leave businesses and the public in uncertainty. In addition, after more than 50 years of EU value added tax (VAT), it is clear that the general tax on consumption forms a stable source of revenue, with only a limited impact on economic relations. However, it is evident that the EU VAT system needs a reboot to make it simpler, more fraud-proof and business-friendly. The European Commission has presented an Action Plan to update the system so that it can better support the Single Market, facilitate cross-border trade and keep pace with today's digital and mobile economy. Distinguished speakers and experts of the fields will point out and discuss strengths, proven instruments, required system changes as well as the challenges ahead and proposals to overcome them.