The committee concluding that there was ‘a long way to go’ to successfully tackle the problem.
Approving a report from Austrian socialist MEP Herbert Bosch, the committee said the European Commission should review its policy of decentralising responsibility for financial management, whilst separating competences for the budget, accounts, financial control and combating fraud, now all under one commissioner.
The committee said it had been ‘stunned to learn’ that in the case of EU agricultural frauds costing €198m, half the products supposedly generating subsidies ‘could not be identified’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements