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Thu 03 Mar 2009Ireland opposes EU efforts to combat VAT 'carousel' fraud
EFFORTS BY the European Commission to combat a European Union-wide VAT fraud which has cost some member states, including the United Kingdom, tens of billions in lost revenues are being opposed by Ireland along with some other EU governments.
Under the so-called “carousel” fraud, criminals exploit the ability of companies to import goods free of VAT from within the European Union.
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