New French Law May Be 1st Step In Abating Carousel Fraud

Law360 (November 27, 2019, 3:51 PM EST) -- On Sept. 27, as part of the French Finance bill for 2020, France implemented the Quick Fixes Council Directive[1] — adopted on Dec. 4, 2018 by the European Union.

This Quick Fixes Directive aims to introduce adjustments to the current value-added tax rules, notably by securing intracommunity transactions.

In France, VAT fraud is treated as a serious issue and the criminalization of tax law[2] shows that the French government is taking measures to limit the decrease of its resources.

Indeed, VAT is the principal tax revenue of the French government with €154 billion (approximately $173.9 billion) in 2018, which represented nearly...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!