EU FRAUD REPORT SHOWS BOOM IN DUTY EVASION AND DIVERSION
July 1st, 2006
BY KEITH NUTHALL
THE NUMBER of cases of detected fraud and irregularities involving European Union (EU) import duty payments of more than Euro 10,000 increased by 55% in 2005, compared to 2004, the latest European Commission report on EU fraud has admitted. The total sum of money involved has also soared by 52%, from Euro 212 million in 2004 to Euro 322 million in 2005. Brussels has tried to argue the increase is not purely down to en explosion of fraud, but also generated by previous under-reporting. Said the report: "This increase could be explained, in ...
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