Document Type
Working Paper
Publication Date
8-2016
Language
en-US
Abstract
All VATs are susceptible to missing trader (MT) fraud. VATs adopted in an economic community are particularly more susceptible. The EU, for example, loses in excess of €100b annually to this fraud. Given the anticipated adoption of a European-style credit-invoice VAT in the GCC by January 1, 2018, this paper offers a technology-based solution involving the real-time tracking of taxable transactions with centrally collected (securely encrypted) data flows that are risk-analyzed by artificial intelligence (AI).
Recommended Citation
Richard T. Ainsworth & Musaad Alwohaibi,
VAT in the GCC - Missing Trader Frauds
(2016).
Available at:
https://scholarship.law.bu.edu/faculty_scholarship/1424
Included in
Banking and Finance Law Commons, Business Organizations Law Commons, Criminal Law Commons, Internet Law Commons, Law and Economics Commons, Science and Technology Law Commons, Tax Law Commons
