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Criminals groups getting rich quick using value-added tax fraud

By PATRICK STEPHENSON, with BROOKS TIGNER, BRUSSELS – Every year criminal groups steal some 50 billion euros from EU government treasuries through value-added tax (VAT) fraud, according to EU officials. Very worryingly, some of the stolen funds support terrorist networks and organisations like the Islamic State. That was the sobering message emerging from the “Film Night on Terrorism and Tax”, an event hosted by the European Commission’s taxation and customs union policy department on 5 September whose highlight was the screening of two documentaries. One of these explored how…

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Impact of EU’s forthcoming defence fund riddled with unknowns

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