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Hungary's tax and customs authority VPOP has uncovered tax frauds in two cases that cost the state HUF 6.6 billion in lost revenue, VPOP chief János Nagy said at a press conference on Monday.
VPOP uncovered a ring suspected of carousel fraud involving 36 Hungarian and foreign companies that caused HUF 4.8 billion in lost tax revenue, and it found a group of companies issuing phony invoices that caused a HUF 1.8 billion shortfall, Nagy said. (MTI-ECONEWS)