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English for Tax Administration Study 4

English for Tax Administration Study 4. Lecturer: Miljen Matijašević e-mail: miljen.matijasevic @ gmail.com G10, room 6, Wed 11:00-12:00 Session 6, 30 Apr 2013. Today’s Session. Revision of the previous session European Anti- Fraud Office (OLAF) Translation practice.

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English for Tax Administration Study 4

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  1. English for Tax Administration Study 4 Lecturer: Miljen Matijašević e-mail: miljen.matijasevic@gmail.com G10, room 6, Wed 11:00-12:00 Session6, 30 Apr 2013

  2. Today’s Session • Revision of the previous session • EuropeanAnti-Fraud Office (OLAF) • Translationpractice

  3. European Court of Auditors Revision of the previous session

  4. RevisionEuropean Court of Auditors • What is the primary task of the ECA? • Who appoints the members of the ECA? • Who does the ECA submit its reports to? • Can the ECA inspect national authorities? • What legal powers does the ECA have?

  5. The EuropeanANTI-FRAUD OFFICE (OLAF)

  6. EuropeanANTI-FRAUD OFFICE • The European Anti-Fraud Office (OLAF) was set up in 1999 to protect the EU’s financial interests and to ensure that the best possible use can be made of EU’s resources

  7. EuropeanANTI-FRAUD OFFICE • The European Anti-Fraud Office (OLAF) was set up in 1999 to protect the EU’s financial interests and to ensure that the best possible use can be made of EU’s resources

  8. OLAF IN FIGURES As a result of the 3 500 investigations OLAF has completed since it was set up in 1999: • 335 individuals have received prison sentences totalling 900 years • over €1.1 billion of EU money has been recovered (excluding financial penalties) • on average OLAF has recovered €100 million a year. (from OLAF’s website)

  9. OLAF IN FIGURES Results for 2011: • €691 million recovered for the EU budget • EU Member State courts issued a cumulative 511 years of prison sentences – not including an additional 70 years of suspended sentences. How much does OLAF cost EU tax payers? • OLAF's running costs for 2012 amount to €57.4 million • OLAF is also providing €21.5 million in grants and project funding to help authorities and organisations fight fraud both inside and outside the EU.

  10. OLAF IN FIGURES How many people are involved in fighting fraud in the EU? • EU countries manage 80% of EU funds and have primary responsibility for fighting fraud. They employ most of those involved in this fight for example 500 000 police officers. • OLAF has 439 staff – of which more than two-thirds work on fraud investigations.  What is OLAF's case load? • OLAF had 463 open investigations at the end of 2011. • OLAF opened 178 new investigations and closed 208 in 2011. • Average length of an investigation was 29.1 months in 2011.

  11. How much fraud is committed in the EU? Expenditure • irregularities reported as fraudulent costing €295 million (0.21% of total EU expenditure) in 2011 –  compared with €478 million (0.35%) in 2010 Revenue • irregularities reported as fraudulent involving €109 million (1.24% of the gross amount of traditional own resources collected) for 2011 compared with €165 million (1.21%) for 2010 Recovery • recovery rates varied between 52% and 93% depending on the budget sector – with a total recovery of €1.8 billion in 2011

  12. EUROPEAN ANTI-FRAUD OFFICE READ THE TEXT ON THE HANDOUTS GLOSSARY • to counterfeit, v. - krivotvoriti • subsidy, n. - subvencija • to defraud, v. – otuđiti, pronevjeriti, izvući novac na prijevaru • diversion (offunds), n. – prisvajanje, ilegalno preusmjeravanje • on-the-spot check – provjera na licu mjesta

  13. Practice • Translatethetext on thehandouts

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