Piles of cash and other assets were seized from organized criminals who used a series of companies to buy and sell handsets in order to cheat the VAT system of EUR30mn.
Telcos in countries with Goods & Services Tax should be wary of new versions of tax scams invented in countries with Value Added Tax.
Colt entered a legal battle after refusing to pay USD5mn of invoices to an Italian VoIP carrier that appeared to be engaging in VAT fraud.
Transit traffic for sales tax fraud has moved from the UK to Spain and Italy because of changes made by the UK tax authority.
Telcos need to take sales tax fraud seriously – or face serious penalties. David Morrow has written straightforward advice that is both authoritative and actionable.