The European Union's sales tax losses, now loosely estimated to have reached $120 billion per year and continuing to grow, are causing deepening concern among tax consultant professionals in Europe.In the U.S., high rates of sales tax losses due to exemptions on Internet shopping across state boundaries cost the authorities only a fraction of the losses in the EU, because rates are low compared with Europe's equivalent rates, which center around 20 percent.
Despite a thorough airing of the problem about two years ago, measures to combat the scourge have been ineffective, and any recovery during the months - or even years - ahead appears unlikely.
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