- Italy’s financial police uncovered a 42.8 million euro VAT fraud in luxury car sales across Europe.
- The operation was coordinated by the European Public Prosecutor’s Office and involved the Guardia di Finanza.
- A criminal network allegedly used shell companies and falsified invoices to evade VAT on over 1,700 luxury cars.
- Police conducted raids, seizing luxury cars, company shares, and bank accounts.
- The bust is part of a broader EU effort against cross-border tax evasion.
Source: thepeninsulaqatar.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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