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  1. phil

    From Bloomberg, Apr 21, 2014, 7:01:00 PM


    Last month, the U.K. Treasury announced it would seek to exempt domestic power trading from VAT to prevent fraud. Such exemptions typically last only a year, giving tax authorities time to stop the theft. Photographer: Matthew Lloyd/Bloomberg

    U.K. authorities are investigating
    possible tax fraud in the country’s 40 billion-pound ($67
    billion) power trading markets, according to accounting firms
    TMF Group and Deloitte LLP.

    To read the entire article, go to http://bloom.bg/1jtDlmf
    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8



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