One might be forgiven for thinking that I had a grudge against the country I live in.
Well.
I do.
But there is more than a grain of truth in my commentary.
This from today's Financial Times:
"The crackdown on multibillion-pound 'carousel fraud' is set to step up a gear with German customs authorities this week expected to make a number of arrests after joining forces with the British in an investigation dubbed 'Operation Sunrise'. The scam involves collecting VAT refunds while withholding payments of the tax and has centred on mobile phones.
Fast-escalating, the fraud is estimated to account for a tenth of the UK's exports.
Germany is expected to lose 2 per cent of VAT revenues to the practise."
This was on the front page of the world's premier international financial newspaper.
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