|
|
Posted by Cesare Cioni on 04/14/07 23:41
kim <ntscuser@aol.com> wrote:
> It's called the "Merry-go-round" and is estimated to cost the British
> taxpayer £15b per year. Essentially, a company registers for VAT then
> reclaims it by saying the goods have since been re-exported. Nobody actually
> checks that the goods have been re-exported. In many cases the goods didn't
> even exist in the first place except on paper.
Well, in Italy we have a similar exception but they check, oh yes they
do check (I work for a major exporter and such controls are very
accurate)
Cesare
--
Do I contradict myself?
Very well, then, I contradict myself;
(I am large-I contain multitudes.)
-- Walt Whitman, "Leaves of Grass"
Navigation:
[Reply to this message]
|