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EU High Court Rules Against Hungary's VAT Refund Scheme

By Jimmy Hoover (July 11, 2017, 9:51 PM EDT) -- The European Union's top court ruled against Hungary in the country's tax refund battle with grain conglomerate Glencore Group, finding that Hungary's scheme for calculating default interest for value added tax refunds violates the 28-nation bloc's protections of "fiscal neutrality."...

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