Tackle EU VAT Fraud With Better Cooperation, Top Prosecutor Says

European Union countries should coordinate more to combat “industrial scale” value-added tax fraud, the EU’s chief prosecutor told finance ministers from the bloc’s member countries.

VAT fraud has become “one of the most attractive criminal activities in the EU,” and is so lucrative that criminal groups are “financing VAT fraud operations with money obtained from other criminal activities,” Laura Kövesi said, according to a prepared speech for an EU finance ministers’ meeting Friday.

Administrations have “a key role to play” and “the only way to deal with this situation is if we work together,” she said, in a call for ...