Yeah EU VAT opened up a whole can of issues. It’s super complicated and annoying, with all sorts of weird exceptions. The exact opposite of what VAT was supposed to be. EU countries should have just gotten their shit together instead of this patch work.
I’ve actually seen that fraud in action. People used to ship around huge amounts of phones and CPUs, because they were high value, but took up very little room. A truck full of pallets of tray CPUs could be worth a huge amount.
I think now most of the holes are patched. But for a while there were special rules surrounding phones and CPUs just because they were often used in the fraud scheme.
VAT fraud is harder but my god when some people achieved it they pretty much unlocked a money spawn glitch IRL…
https://en.wikipedia.org/wiki/Missing_trader_fraud?wprov=sfla1
Yeah EU VAT opened up a whole can of issues. It’s super complicated and annoying, with all sorts of weird exceptions. The exact opposite of what VAT was supposed to be. EU countries should have just gotten their shit together instead of this patch work.
I’ve actually seen that fraud in action. People used to ship around huge amounts of phones and CPUs, because they were high value, but took up very little room. A truck full of pallets of tray CPUs could be worth a huge amount.
I think now most of the holes are patched. But for a while there were special rules surrounding phones and CPUs just because they were often used in the fraud scheme.