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.
The UK’s new Corporate Offences of Failure to Prevent Facilitation of Tax Evasion (COFPFTE) Act may trip up British telcos when calls are unlawfully terminated overseas.
Transit traffic for sales tax fraud has moved from the UK to Spain and Italy because of changes made by the UK tax authority.
The boss of Lycamobile France is accused of colluding with phony front companies to sell airtime on the black market.
Telcos need to take sales tax fraud seriously – or face serious penalties. David Morrow has written straightforward advice that is both authoritative and actionable.
A tax fraud which cost Italian telcos 300mn euros illustrates why we must guard against organized crime – and the taxman.
The Risk & Assurance Group have shared three recent presentations online.