EU Commissioner De Gucht Accused of Tax Fraud

Bulgaria in EU | June 12, 2012, Tuesday // 13:07|  views

Karel De Gucht, European Commissioner for Trade, is shown giving a press conference at the European Commission headquarters in Brussels, Belgium, 25 May 2012. EPA/BGNES

Tax authorities in Belgium have accused European Trade Commissioner Karel De Gucht of large-scale tax evasion.

Belgium’s Tax Inspection Service claims that De Gucht and his wife failed to declare the profit that they made on the sale of shares of the Vista group on which tax was due, writes Flanders News.

The profits that the couple failed to declare from those shares are estimated to amount to total EUR 1.2 M.

De Gucht and his wife have been the target for Belgium's tax authorities for several years now, recalls the Flanders News.

The EU commissioner's lawyer has objected to the word "fraud" and has stated that the profit was made in 2001, not as claimed in 2005, and that at this time no tax was due.

The lawyer further suggested that the Belgian Tax Inspection Service has singled out De Gucht in order to damage his reputation.

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Tags: Karel De Gucht, tax evasion, fraud, commissioner, EU, Belgium, Belgian


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