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Using the EU’s own trade rules against it: the scourge of ‘VAT Carousel’ fraud

7
Oct
2019

The EU suffers from issues with fraudulent activity, with hundreds of millions of euros being swindled from the EU budget every year. Missing Trader Intra-Community fraud – known in some circles as “VAT carousel” fraud – is one of the most damaging forms, with Europol estimating that it costs the authorities around €60 billion annually in lost revenue.

Read the full article in Euronews.

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