EUROFISC foresees a rapid exchange of information on cases of fraud in the VAT area. This relatively new system could be extended to serve a similar function in the area of direct taxation, in particular with a view to detecting and quickly disseminating information on recurrent fraud schemes and trends and aggressive tax planning.
To this end, the Commission will gather and assess the first results of EUROFISC for VAT and will then pursue its work on extending EUROFISC and its Early Warning System to the direct tax area.
