Sentences with phrase «dissuasive penalization»

All these elements lead the Court to assert that national provisions should enable an effective and dissuasive penalization of VAT fraud.

The Court, however, leaves it up to the referring court to assess whether (1) the Italian system has the effect of neutralizing this «effective and dissuasive penalization» in a «considerable number of cases» (§ 47) and (2) whether the discussed provisions apply to cases of VAT evasion in the same manner as they apply to fraud affecting the Italian Republic's own financial interests.