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


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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