date:Sep 22, 2013
gest European economies suffered the worst losses in pure money terms. Italy lost 36 billion, while 32 billion was missing in France and 27 billion in Germany.
But as a percentage of total national income, the gap between expected VAT revenue and actual receipts was biggest in the poorer countries to the east, with a sum equal to 8.0 percent of national economic output lost in Romania and 4.5 percent in Greece.
While evaded or not-claimed tax payments are inherently hard to measure, the estima