Itic (international Tax And Investment Center)

WASHINGTON, May 30, 2011 - - EU Member States Losing EUR10 Billion in Tax Revenues Each Year and Facing Uphill Battle to Reverse the Trend At a meeting today on intellectual property, counterfeiting and piracy in Brussels, hosted by the European Parliament's Kangaroo Group, the International Tax and Investment Center (ITIC) warned the European Union (EU) that it faces an uphill battle to stem the flow of illegal cigarettes pouring through its borders and across its Member States.