EU anti-fraud unit breaks steel pipe tax evasion ring

May 04, 2012 | 09:00 AM |

The European Anti-fraud Office (Olaf) has uncovered an international conspiracy to export China-made iron and steel tube and pipe fittings via other Asian countries to evade a 58.6% EU anti-dumping duty usually levied on these products.
Officials from Olaf worked with national police and customs in Europe, Taiwan and India to crack the tax evasion ring, recovering €9 million ($11.8 million) worth of duties in the process, and securing jail sentences for three people in the UK and Germany. ....

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