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Carousel fraud, explained by the Dutch State. Missing trader fraud (also called missing trader intra-community fraud or MTIC fraud) involves the non-payment of Value Added Tax (VAT) to a government by fraudsters who exploit VAT rules, most commonly the European Union VAT rules which provide that the movement of goods between member states is VAT-free.
The VAT (French: taxe sur la valeur ajoutée, TVA) is a general consumption tax, which applies to goods and services located in France. It is a proportional tax on output collected by the companies and ultimately completely supported by the final buyer, i.e. the consumer, since it is included in the price of goods or services.
A hacker is a person skilled in information technology who achieves goals by non-standard means. The term has become associated in popular culture with a security hacker – someone with knowledge of bugs or exploits to break into computer systems and access data which would otherwise be inaccessible to them.
PARIS (Reuters) -The Cour de Cassation, France's highest court, upheld on Wednesday former President Nicolas Sarkozy's conviction for corruption and influence peddling.
EU antitrust regulators are asking Nvidia rivals and customers if the U.S. artificial intelligence chipmaker bundles its products that may give it an unfair advantage, people with direct knowledge ...
Fake news websites are those which intentionally, but not necessarily solely, publish hoaxes and disinformation for purposes other than news satire. Some of these sites use homograph spoofing attacks , typosquatting and other deceptive strategies similar to those used in phishing attacks to resemble genuine news outlets.
Keshon Gilbert scored 16 points, grabbed 10 rebounds and dished five assists as No. 3 Iowa State pulled away from No. 25 Baylor 74-55 in a Big 12 Conference showdown Saturday in Ames, Iowa.
Canada uses both a VAT at the federal level (the Goods and Services Tax) and sales taxes at the provincial level; some provinces have a single tax combining both forms. [ citation needed ] In addition, most jurisdictions which levy a VAT or sales tax also legally require their residents to report and pay the tax on items purchased in another ...