On 22 June 2018, the Economic and Financial Affairs Council of the European Union agreed on a draft regulation to strengthen administrative cooperation in order to improve the prevention of VAT fraud. As noted in a release on the agreement, the regulation sets out to: Improve the exchange and analysis of information shared by the member states' tax administrations and with law enforcement bodies; Strengthen Eurofisc, a network of national tax officials for the exchange of information on VAT fraud; and Introduce new instruments for cooperation such as administrative enquiries carried out jointly. In particular, measures of the regulation will...