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EU Authorities Probe Suspected €61.5M VAT Fraud Ring

By Natalie Olivo ( November 6, 2025, 3:20 PM EST) -- European Union authorities carried out search and seizure operations Thursday in Austria as part of an investigation into a suspected cross-border value-added-tax fraud scheme that has purportedly resulted in an estimated total of €61.5 million ($71 million) in unpaid taxes.  ...

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