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Home » Italy Busts €220M VAT Fraud Ring, 5 Arrested

Italy Busts €220M VAT Fraud Ring, 5 Arrested

Italy’s financial authorities arrested five individuals implicated in a value added tax (VAT) fraud scheme that resulted in the theft of 220 million euros (US$323.6 million) in alcohol-related tax revenue, the European Public Prosecutor’s Office (EPPO) reported Tuesday.

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