Sunday, April 22

The Cost of VAT Fraud

Flagged up in a Karachi based newspaper, with the somewhat pedestrian name of The News is a very British story. The piece retails the latest attempts by the EU to curb the rising flood of VAT fraud, which is costing EU member states billions.

This issue consistently is also covered here
here, but its is only sporadically dealt with in the national UK newspapers and rarely in British blogs. Yet, given the sums involved, and the way the issue so graphically illustrates fundamental flaws in a core EU system, you would have thought that it would get a lot more attention than it does.

However, thanks to the miracle of the internet, we can still keep abreast of what is happening, even if we have to take a virtual trip to Karachi to do so – which is definitely
worth the trouble.

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